Dow Tumbles 150 Points; Alibaba Earnings Top Views
Portfolio Pulse from Lisa Levin
U.S. stocks traded mixed with the Dow Jones dropping around 150 points, while the NASDAQ and S&P 500 rose. Alibaba reported better-than-expected earnings for its fourth quarter. Information technology shares rose by 1.2%, while real estate shares fell 1.4%.
May 18, 2023 | 6:32 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Arbe Robotics Ltd. shares rose by 16% as information technology shares gained 1.2% on Thursday.
Arbe Robotics' stock price is likely to experience a short-term positive impact due to the overall gain in information technology shares, which saw the company's shares rise by 16%.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Alibaba reported better-than-expected Q4 earnings with revenue growth of 2% YoY to $30.32 billion and non-GAAP earnings per ADS of $1.56.
Alibaba's better-than-expected Q4 earnings report is likely to have a positive short-term impact on its stock price, as the company exceeded both revenue and earnings estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Latch, Inc. shares rose by 18% as information technology shares gained 1.2% on Thursday.
Latch, Inc.'s stock price is likely to experience a short-term positive impact due to the overall gain in information technology shares, which saw the company's shares rise by 18%.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 80