Chinese e-commerce stocks — U.S.-traded shares of $JD.com (J...
Chinese e-commerce stocks — U.S.-traded shares of $JD.com(JD.US$ and $PDD Holdings(PDD.US$ lost 3.1% and 2.3%, respectively, as sentiment around China's economy worsened. A senior central bank member said the country has limited room for further monetary easing, calling for structural reforms to the economy.
Media stocks — Media companies saw their shares rise after writers and studios reached a preliminary labor agreement. $Paramount Group Inc(PGRE.US$ and $Warner Bros Discovery(WBD.US$ each rose about 2%. Shares of $Amazon(AMZN.US$ and $Disney(DIS.US$ also ticked up, 0.8% and 0.6%, respectively, on the news.
$HP Inc(HPQ.US$ — Shares of the computer company fell about 3% after Berkshire Hathaway sold 4.8 million shares, or approximately $130 million, of HP.
$Sealed Air(SEE.US$ — The food packaging company jumped 2.7% after Citi upgraded shares to buy from neutral. Analyst Anthony Pettinari cited a discounted valuation relative to historical averages and the potential for material portfolio transformation actions.
$NIO Inc(NIO.US$ — The U.S.-traded shares of the Chinese electric vehicle maker fell nearly 6%, on news that the company is considering raising $3 billion from investors.
Media stocks — Media companies saw their shares rise after writers and studios reached a preliminary labor agreement. $Paramount Group Inc(PGRE.US$ and $Warner Bros Discovery(WBD.US$ each rose about 2%. Shares of $Amazon(AMZN.US$ and $Disney(DIS.US$ also ticked up, 0.8% and 0.6%, respectively, on the news.
$HP Inc(HPQ.US$ — Shares of the computer company fell about 3% after Berkshire Hathaway sold 4.8 million shares, or approximately $130 million, of HP.
$Sealed Air(SEE.US$ — The food packaging company jumped 2.7% after Citi upgraded shares to buy from neutral. Analyst Anthony Pettinari cited a discounted valuation relative to historical averages and the potential for material portfolio transformation actions.
$NIO Inc(NIO.US$ — The U.S.-traded shares of the Chinese electric vehicle maker fell nearly 6%, on news that the company is considering raising $3 billion from investors.
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