U.S. stock market early trading: The three major indices are down, Alibaba rises about 8%, Dell Tech falls about 7%

Wallstreetcn
2025.08.29 13:31

The Dow Jones fell by 0.1%, the S&P 500 index fell by 0.2%, and the Nasdaq fell by 0.4%. Alibaba rose by about 8%, with the company stating in a conference call that Taobao's flash sale monthly active users reached 300 million, a 200% increase compared to April, and that flash sales and instant retail are expected to bring in 1 trillion yuan in new transactions over the next three years. Dell Tech fell by about 7%, with the company's Q2 revenue and profit exceeding expectations, but the Q3 profit guidance fell short of expectations. Bawang Chaji fell by about 12%, after the company announced its Q2 financial report