BUZZ-U.S. STOCKS ON THE MOVE-Alibaba, Banks, Automakers, Steel firms

Wed Aug 12, 2015 10:46am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter,; for the Morning News Call newsletter, 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...