U.S. Stock Market Update: QVC down 12.17%

U.S. Stock Market Midday Update Stocks with High Trading Volume in the Industry Amazon fell 1.17%, with a trading volume of $6.857 billion. According to recent important news: On September 17, Amazon announced an investment of over $1 billion to increase employee salaries and reduce healthcare costs, leading to a slight drop in stock prices. This move aims to improve employee benefits and may increase the company's operating costs. On September 16, Amazon designated October 7-8 as "Prime Big Deal Days" for a major promotional event, which is expected to boost sales growth during the holiday shopping season and enhance market expectations. On September 17, Amazon upgraded its AI assistant for merchants to help them cope with the holiday shopping season, enhancing inventory management and demand forecasting capabilities. Retail promotions are starting early, leading to increased market volatility. Alibaba rose 2.60%, with a trading volume of $4.244 billion. According to recent key news: On September 17, Alibaba completed the issuance of $3.2 billion in zero-coupon convertible senior notes, with an initial conversion price at a 31.25% premium to the reference price, boosting market confidence and driving stock prices up. On September 16, Alibaba founder Jack Ma returned to the company, with the highest level of direct involvement in five years, leading to optimistic market sentiment regarding the company's prospects under his leadership, resulting in a rise in stock prices. On September 15, Alibaba launched an AI-driven Gaode Street View Star platform, attracting over 40 million users on its first day. Analysts believe this is an important step in the company's super app strategy, boosting investor confidence. Industry trends are positive, the macro economy is stable, and capital inflows are significant. Pinduoduo rose 4.54%. According to recent important news: On September 15, Pinduoduo launched a 10 billion yuan subsidy, reducing the price of the iPhone 17 series by nearly 1,000 yuan, stimulating consumer demand and driving stock prices up. Data source: Pinduoduo official website. On September 15, global tech stocks were driven by optimistic sentiment around AI, with the S&P 500 index looking at 7,200 points, benefiting Pinduoduo from the overall rise in tech stocks. Data source: market analysis. On September 15, the e-commerce platform's GMV and monetization efficiency improved, with Pinduoduo's support plans and national subsidies showing marginal improvement, leading to improved market expectations. Data source: CMB International. Tech stocks were driven by optimistic sentiment around AI. Stocks with High Market Capitalization in the Industry Latin American Commercial Services rose 1.98% based on recent key news: On September 16, MercadoLibre announced modifications to its revolving credit agreement, allowing it to request an additional $400 million commitment. This news boosted market confidence in the company's financial flexibility, driving stock prices up. On September 15, the Mexican Federal Economic Competition Commission (COFECE) determined that MercadoLibre and Amazon created significant competitive barriers for third-party sellers on their platforms but did not impose any regulatory penalties This decision was interpreted by the market as a positive signal for the company's business, boosting the stock price. On September 17, the company disclosed that its bad debt ratio exceeding 90 days remained stable at around 20%. Despite the high bad debt rate, the high interest rate levels in the Latin American region allow the company to maintain a net interest margin of 20%, and the market holds an optimistic view on its future profitability. The growth potential of credit business in the Latin American region is significant