U.S. stock market update: Coupang's earnings report disappoints, stock price plummets 17.99%! A dual blow to market confidence from declining gross margin and governance uncertainties

U.S. Stock Market Midday Update Coupang fell 17.99%. Based on recent news, On May 6, Coupang announced its first-quarter financial report, showing an 8% year-on-year revenue increase to $8.5 billion, but an operating loss of $242 million and a net loss of $266 million led to a significant drop in stock price. On May 6, Coupang's gross margin decreased from 29.3% in the same period last year to 27%, and adjusted EBITDA plummeted 92% to only $29 million, further undermining market confidence. On May 6, the Korea Fair Trade Commission re-identified Bom Kim as the actual controller of Coupang, increasing uncertainty in corporate governance and affecting investor sentiment. The market is skeptical about Coupang's long-term profitability. Stocks with High Trading Volume in the Industry Amazon fell 0.06%, with increased trading volume. Based on recent key news: On May 4, Amazon announced the launch of supply chain services, opening its logistics network for use by all businesses. This move is seen as direct competition to UPS and FedEx, causing both companies' stock prices to drop by more than 9%. On May 4, a Citigroup research report indicated that Amazon's cloud computing services are accelerating growth, retail demand is strong, and profit margins are expanding, reaffirming a "Buy" rating and raising the target price to $325. On May 5, Morgan Stanley stated that Amazon's logistics expansion could become a significant turning point for the North American freight industry, severely impacting air cargo companies and parcel delivery providers. Competition in the logistics industry is intensifying, with macroeconomic stability. Alibaba rose 6.59%. Based on recent news, On May 6, during the May Day holiday, the demand for travel guides on the Qianwen APP surged over 400%, driving up the usage of related services and enhancing market expectations for its business growth. On May 6, Goldman Sachs characterized OS-level Agentic AI as a profound paradigm shift, believing that internet giants like Alibaba could defend their moats by deepening their in-app Agent commercialization capabilities, boosting investor confidence. On May 6, TrendForce raised the capital expenditure estimates for Alibaba and eight other major cloud service providers to approximately $83 billion, with a year-on-year growth rate increased to 79%, indicating strong AI demand and further driving up stock prices. The market shows strong demand for AI and increased capital expenditure. Pinduoduo rose 4.39%. Based on recent news, On May 4, Pinduoduo announced a comprehensive upgrade of its review system, utilizing AI and big data technology to enhance platform compliance, boosting market confidence and driving up stock prices. On May 5, although analysts maintained a hold rating on Pinduoduo, the market remains optimistic about its future growth potential, driving up stock prices Recently, Pinduoduo's trading volume has significantly increased, indicating strong investor interest in the stock, further driving up its price. The overall performance of the e-commerce industry is strong, with noticeable capital inflow. Stocks ranked at the top of the industry by market capitalization Latin American Commercial Services rose by 1.37%. Based on recent key news: On May 6, Latin America's e-commerce penetration rate is low, with huge market potential. The e-commerce penetration rate in Latin America is only half that of the United States, the United Kingdom, and China, indicating significant growth potential, which may have driven up the stock price of Latin American Commercial Services. Source: 24/7 Wall St. On May 6, the World Cup has driven an increase in demand for electronic products. During the World Cup, demand for electronic products in Latin America surged, especially for large-screen display devices and audio equipment, which may have enhanced the market performance of related companies. Source: Hugo Cross-Border Editorial Department On May 6, analysts hold a moderate buy rating on Latin American Commercial Services. Although it is not listed among the top recommended stocks, analysts maintain a moderate buy rating, reflecting market confidence in its future performance. Source: MarketBeat Latin America's e-commerce market has great potential, with the World Cup driving demand