According to analysts, the lockdowns in China did not stop citizens from buying. Alibaba said it now has more than 1 billion active customers in its home country.
Chairman and CEO Daniel Zhang said there were strong results “despite macro challenges affecting supply chains and consumer confidence.”
On the other hand, the main decreases, this day, were for Vale (-4.1%), Advanced Microdevices (-2.8%), and Nvidia (-2.1%). As for the most traded Cedears ETF, the innovation ARK, grew 3%.
The CCL Cedear ended the day in positive and settled at $210.64. What motivated losses to be cut and the papers closed mixed instead of ending with generalized losses.
For its part, US stocks closed loweras Treasury yields surpassed the psychological 3% level and oil prices rose, fueling concerns about inflation and the interest rate outlook.
According to preliminary data, The S&P 500 lost 45.18 points, or 1.09%, to 4,115.50, while the Nasdaq fell 90.15 points, or 0.74%, to 12,085.09. The Dow Jones Industrial Average fell 273.57 points, or 0.82%, to 32,906.57.
Source: Ambito
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