The three major U.S. stock indexes collectively opened lower; Alibaba surged 9%
The three major U.S. stock indexes collectively opened lower, with the Dow falling 1.04%, the Nasdaq falling 0.6%, and the S&P 500 falling 0.4%. Storage concept stocks fell, with SanDisk falling more than 1%, Micron Technology falling more than 3%, and Western Digital falling more than 1%. Kingsoft Cloud rose more than 11%, and Alibaba rose more than 9%.
The three major U.S. stock indexes collectively opened lower, with the Dow falling 1.04%, the Nasdaq falling 0.6%, and the S&P 500 falling 0.4%. Storage concept stocks fell, with SanDisk falling more than 1%, Micron Technology falling more than 3%, and Western Digital falling more than 1%. Kingsoft Cloud rose more than 11%, and Alibaba rose more than 9%. (