Arab Today, arab today us stocks rally alibaba 75
Last Updated : GMT 06:13:57
Arab Today, arab today
Arab Today, arab today

US stocks rally, Alibaba +7.5%

Arab Today, arab today

Arab Today, arab today US stocks rally, Alibaba +7.5%

US stocks pushed higher Thursday as oil prices cooled
New York - AFP

US stocks pushed higher Thursday as oil prices cooled and Chinese e-commerce giant Alibaba soared on strong sales.

At the closing bell, the Dow Jones Industrial Average was at 17,925.50, up 83.52 points (0.47 percent).

The broad-based S&P 500 gained 7.90 (0.38 percent) at 2,088.05, while the tech-rich Nasdaq Composite Index jumped 25.90 (0.53 percent) to 4,945.54.

US crude prices fell back below $60 a barrel Thursday. Spiking oil prices contributed to a 1.6 percent loss in the S&P 500 in the prior two sessions.

Art Hogan, chief market strategist at Wunderlich Securities, said a drop in US Treasury bond yields also eased worries.

"If you look at some of the turmoil you saw in the market during the last few days, a couple of factors have settled down," Hogan said.

Alibaba jumped 7.5 percent as sales rose 45 percent to $2.81 billion. The company named chief operating officer Daniel Zhang as chief executive, replacing Jonathan Lu.

Yahoo, which has a stake in Alibaba, rose 5.2 percent.

 

arabstoday
arabstoday

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rally alibaba 75 Arab Today, arab today us stocks rally alibaba 75

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us stocks rally alibaba 75 Arab Today, arab today us stocks rally alibaba 75

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show

GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday