BUZZ-U.S. STOCKS ON THE MOVE-Alibaba, Banks, Automakers, Steel firms
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) Wall Street was down more than 1 percent for a second day in a row, with the Dow falling to a six-month low, on Wednesday as the continued dip in the yuan exacerbated fears about a global economic slowdown.
The Dow Jones industrial average was down 1.41 percent at 17,157.19, the S&P 500 was down 1.35 percent at 2,055.85 and the Nasdaq Composite was down 1.65 percent at 4,953.557.
** ALIBABA GROUP HOLDING LTD, $72.22, -6.62 pct
** YAHOO INC, $34.105, -5.34 pct
China's biggest e-commerce company's quarterly revenue rose 28 percent, missing analysts' estimates, with growth slowing to its lowest rate in more than three years.
Yahoo has a 15 percent stake in Alibaba.
** CITIGROUP INC, $55.72, -3.33 pct Continued...