Market summary 18/8/2023! What happened to the market on Friday?
The markets faced turbulence at the outset, with the Nasdaq 100 dipping by 1%. However, after consecutive sell-offs, buyers stepped in, lessening the drop to a mere 0.13%. Growth stocks, especially $ARK Innovation ETF(ARKK.US)$, have experienced sharp declines, with the latter plunging 22% in August. Individual stocks like $Tesla(TSLA.US)$ suffered as well, erasing its previous gains with a 30% drop from i...

$PDD Holdings(PDD.US)$ delivered earnings of $1.33 billion on revenue of $4.7 billion for its most recent quarter. Both figures handily beat analyst estimates.
$Baidu(BIDU.US)$ had a net income of $543 million, $1.49/share under GAAP, on revenue of $4.4 billion. The stock is now up 2.45% on the year. Shares rose on the strength of Baidu’s cloud operations in what CEO Robin Li called “a...