Stocks fell Monday, retreating from record levels, as China signaled it would not boost stimulus.» Read More
NEW YORK— Shares of Chinese e-commerce powerhouse Alibaba Group Holding Ltd. slipped 4 percent during its second day of trading as some investors took profits and the broader market trended lower. Still, the stock price was still well above the $68 price tag set before Alibaba's IPO on Friday.
Apple Inc. was unchanged at $100.99 with 29,068,100 shares traded. ChinaNet Online Holdings Inc. rose 79.1 percent to $3.51 with 28,771,800 shares traded. Cisco Systems Inc. fell 1.3 percent to $24.88 with 10,340,200 shares traded.
eBay fell$. 33 or. 6 percent, to $52.07. Groupon Inc. fell$. 12 or 1.6 percent, to $6.86. LinkedIn Corp. fell $5.61 or 2.7 percent, to $205.56.
Recent data in China has been disappointing, leading many analysts to lower their growth forecasts and hope for more aggressive accommodations from the government. In remarks on Sunday, Finance Minister Lou Jiwei said China wouldn't dramatically alter its economic policy because of any one economic indicator.
Recent data in China has been weak, leading many analysts to lower their growth forecasts and hope for more aggressive accommodations from the government. In remarks on Sunday, Finance Minister Lou Jiwei said China wouldn't dramatically alter its economic policy because of any one economic indicator.
eBay fell$. 15 or. 3 percent, to $52.25. Groupon Inc. fell$. 05 or. 7 percent, to $6.92. LinkedIn Corp. fell $1.62 or. 8 percent, to $209.55.
NEW YORK— U.S. stocks are opening lower as investors worry about some soft economic data from China and a profit warning by the British retailer Tesco. Yahoo fell 3 percent, the most in the S&P 500.. Sigma-Aldrich rose the most, 34 percent.
The Dow closed at a record high on Friday and the S&P 500 was little changed in a heavy volume session due to "quadruple witching," when stock options, index options, index futures and single-stock futures all expire, as well as the initial public offering of Alibaba Group.
NEW YORK, Sept 22- Sigma-Aldrich shares were surging on Monday, up 34.4 percent to $137.60 after German drugs and chemicals maker Merck KGaA said on Monday it agreed to acquire Sigma-Aldrich for $17 billion in cash to boost its life science business.
Some of the names on the move ahead of the open.
HONG KONG, Sept 22- Alibaba Group Holding Ltd's initial public offering now ranks as the world's biggest in history at $25 billion, after the e-commerce giant and some of its shareholders sold additional shares.
HONG KONG, Sept 22- Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion.
THE BIGGEST: Alibaba raised $21.8 billion in its debut, making it the biggest U.S.-listed IPO in history after the IPO of credit card processing company Visa in 2008. If Alibaba's investment banks were to exercise their option to sell an additional 48 million shares, it could make Alibaba's IPO the biggest in the world, beating out the $22 billion IPO of Agricultural Bank of China in 2010..
New money making opportunities lie ahead. “This stock has a history of reporting, then selling off, and rallying again," Cramer said.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
The "Fast Money" traders share their final trades of the day.
eBay fell$. 30 or. 6 percent, to $52.40. Groupon Inc. rose$. 08 or 1.2 percent, to $6.97. LinkedIn Corp. rose$. 67 or. 3 percent, to $211.17.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's shares soared 38 percent in their first day of trading on Friday as investors jumped at the chance for a piece of what is likely to rank as the largest IPO in history, in a massive bet on China's burgeoning middle class.
NEW YORK, Sept 19- Alibaba Group Holding Ltd's record public offering of shares on Friday further spurred already elevated activity in Yahoo Inc's options, pushing volume on the U.S. Shares of Alibaba, in which Yahoo holds a big stake, surged 38 percent in their first day of trading on Friday, valuing the company at $231 billion by the close of trading.
NEW YORK— Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:. Oracle Corp., down $1.75 to $39.80. Dresser-Rand Group Inc., up $6.88 to $79.91.