--- title: "U.S. stock night market fluctuations: Alibaba fell 3.59% in night trading: earnings missed expectations + U.S. Treasury rebound, heavy asset investments dragged down stock price" type: "News" locale: "en" url: "https://longbridge.com/en/news/296560213.md" description: "Alibaba fell 3.59% in the night session; Amazon rose 0.31% in the night session, with a transaction volume of USD 3.35 million; JD.com fell 0.44% in the night session, with a transaction volume of USD 800,100; Pinduoduo fell 0.58% in the night session, with a transaction volume of USD 797,900" datetime: "2026-08-21T02:47:35.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296560213.md) - [en](https://longbridge.com/en/news/296560213.md) - [zh-HK](https://longbridge.com/zh-HK/news/296560213.md) generator: "portal-rs" --- # U.S. stock night market fluctuations: Alibaba fell 3.59% in night trading: earnings missed expectations + U.S. Treasury rebound, heavy asset investments dragged down stock price **U.S. Stock Night Market Movements** Alibaba fell 3.59% in the night market. Based on recent key news: 1. On August 20, Alibaba announced its quarterly results. Although revenue slightly exceeded market expectations, profits fell short, and capital expenditures surged by 75%, leading to a drop in stock price. Alibaba recorded a cash outflow of RMB 44.67 billion for the quarter, compared to an outflow of RMB 18.82 billion in the same period last year. Source: Zhitong Finance 2. On August 21, U.S. Treasury yields rebounded, causing U.S. stocks to soften and affecting market sentiment. U.S. stocks softened overnight, with both the Dow Jones and Nasdaq falling about 1%, dragging down Hong Kong stocks. Source: Wall Street Insight 3. On August 20, Citigroup analysts lowered Alibaba's target price. Although maintaining a buy rating, they believe its short-term profitability is affected by heavy asset investments. Source: Zhitong Finance. Macroeconomic pressures are increasing, and market volatility risks are rising. **Top Stocks by Industry Transaction Volume** Amazon rose 0.31% in the night market. Based on recent key news: 1. On August 20, Amazon announced the expansion of its Prime Air service to cover 500 U.S. cities. This move will significantly enhance logistics efficiency and drive up stock prices. 2. On August 18, Morgan Stanley is optimistic about Amazon's stock price doubling to $500 per share by the end of 2027, mainly benefiting from the revenue growth momentum of AWS. Analysts estimate that AWS's future revenue could reach $1 trillion, boosting market confidence. 3. On August 18, AWS achieved revenue of $42.23 billion, a year-on-year increase of 36.7%, far exceeding Wall Street expectations. Several institutions raised Amazon's target price and maintained a "buy" rating, further driving up stock prices. Strong demand for cloud services and AI has made the market optimistic about Amazon. JD.com fell 0.44% in the night market. Based on recent key news: 1. On August 21, JD.com proposed remedial measures regarding the EU's review of its acquisition of Ceconomy. This move is to address the EU's concerns about JD.com potentially receiving foreign subsidies, affecting market confidence and causing stock price fluctuations. Source: Viewpoint Network 2. On August 19, JD.com announced its robotics strategy at the World Robot Conference, planning to invest 10 billion resources by 2028 to help 100 brands achieve sales exceeding 1 billion yuan. This move is seen as a significant investment by JD.com in technology, boosting market expectations. Source: Viewpoint Network 3. On August 19, JD.com signed a lease agreement with Hello Group to open JD MALL in Urumqi. This expansion plan demonstrates JD.com's continued growth potential in the retail sector. Source: Viewpoint Network. The consumer finance industry emphasizes asset quality and compliance. Pinduoduo fell 0.58% in the night market, with a transaction volume of $797,900, and no significant news recently. Trading is active, with clear capital flows. Considering sector and industry trends, the stock shows significant volatility, and specific reasons need further observation ### Related Stocks - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [PDD.US](https://longbridge.com/en/quote/PDD.US.md) ## Related News & Research - [Alibaba Will Report Q1 Earnings Tomorrow. 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