Stock market uncertainty trails the U.S elections, Alibaba and AMC falls
Investors are anxiously waiting on the results of the U.S. Elections. The S&P 500 has gone from steep losses to gains and back to losses because the results keep shifting the odds of a Donald Trump re-election. The S&P closed Tuesday about 6% below its all-time high and early on Wednesday morning, the Nasdaq 100 futures triggered a circuit breaker after rapidly roaring past the 3.5% mark. Click here to read more
Alibaba (NYSE: BABA) shares fell by more than 7% in Asia trade on Wednesday as Ant Group’s initial public offering in Shanghai and Hong Kong was suspended. The Chinese E-commerce shares also closed more than 8% lower in the New York Stock Exchange. Click here to read more
AMC Entertainment (NYSE: AMC) is in financial duress as revenue plummets more than 90%. The Entertainment company posted revenue of $119.5 million in its third-quarter down 91% year over year. CEO Adam Aron said in the report that “the duration and impact of this pandemic is still affecting us to this day and is certain to continue to affect our results going forward.” Click here to read more
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