• Alibaba shares surge 46 percent in their debut

    (Reuters) - Alibaba Group Holding Ltd's shares rose as much as 46 percent in their first day of trading on Friday, lifting the Chinese online retailer's value to $244 billion. The company's initial12:02 PM ET | Reuters

  • Wall Street rises as Scots stay in UK, Alibaba debuts

    NEW YORK (Reuters) - U.S. stocks were rising in early trading on Friday, setting record highs on the Dow and S&P 500 after Scotland's vote to remain in the United Kingdom removed market uncertainty10:39 AM ET | Reuters

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[BRIEFING.COM] Recent action saw the S&P 500 (+0.1%) slip to a session low, while the Nasdaq Composite (-0.1%) is now in the red.

The tech-heavy Nasdaq has trailed the S&P 500 since the start and has been pressured into negative territory by the continued underperformance of chipmaker stocks. The PHLX Semiconductor Index has widened its loss to 0.8% amid weakness in 29 of its 30 components.

Furthermore, the index has also been pressured by the biotech group, which has ... More


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