Alibaba Group Holding Ltd. posted profit that beat analysts’ estimates in its first earnings report as a public company, with increased shopping traffic and mobile spending in China generating more advertising.
You know by now that nothing bad happens to the market when the BKX is up. Dow theorists will also tell you nothing bad happens when the Transports are up. So when both are up there’s no use fighting the tape.
Shares of Yahoo! fell after sources close to the company said it is leaning towards selling its Asian assets and distributing the proceeds to shareholders rather than seeking a buyer for the entire company