stock markets

Alibaba stock gains after earnings as company says trends are improving

Shares of Alibaba Group Holdings Ltd. closed 1.8% higher on Thursday after the Chinese e-commerce company beat expectations with its latest financial data and indicated that business trends had improved as the June quarter continued. The company reported net income of 22.7 billion yuan (3.4 billion US dollars), or 8.51 yuan per US deposit share, …

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Rise of Semiconductor Industry ETFs Despite Fears of Industry ‘Down Cycle’, Pelosi’s Trip to Taiwan

battered exchange-traded funds focused on semiconductor stocks traded higher Tuesday afternoon, despite concerns about a “downward cycle” in the sector and US House Speaker Nancy Pelosi’s visit to major chip-producing Taiwan. ETF XSD SPDR S&P Semiconductor ETF XSD, + 1.00% It rose 1.2% on Tuesday afternoon, while the VanEck Semiconductor ETF SMH was up, + …

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