US Stock Market Move | Mid-term income increased by 4.53% year-on-year, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell more than 3%.

On Friday, Alibaba Group Holding Limited Sponsored ADR (BABA.US) opened weaker with a drop of over 3%, falling more than 23% from its October high to $87.75. In terms of news, Alibaba Group Holding Limited Sponsored ADR released its interim performance for the six months ending September 30, 2024, with the group achieving revenue of 479.739 billion yuan, a year-on-year increase of 4.53%; net profit of 64.569 billion yuan, a year-on-year increase of 13.19%; net profit attributable to Alibaba Group Holding Limited Sponsored ADR group shareholders of 68.423 billion yuan, a year-on-year increase of 10.20%; net profit attributable to common shareholders of 68.143 billion yuan, a year-on-year increase of 9.84%; basic earnings per share of 3.58 yuan.