Some of the stocks that may grab investor focus today are:
Wall Street expects Alibaba Group Holding Limited (NYSE: BABA) to report quarterly earnings at $1.93 per share on revenue of $32.07 billion before the opening bell. Alibaba shares rose 0.1% to $161.61 in after-hours trading.
Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises
Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.Nio -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.Rev
Dow, S&P 500 close at records as U.S. infrastructure bill clears Senate
'Meme stock' AMC gives up early gains and closes down. Kansas City Southern jumps as Canadian Pacific ups buyout offer. NEW YORK, Aug 10 - Wall Street rose on Tuesday, with both the blue-chip Dow and benchmark $S&P 500$ closing at record highs, as economically sensitive value stocks gained with the U.S. Senate's passage of a $1 trillion bipartisan infrastructure package.The bill, which now heads to the House of Representatives, could provide the nation's biggest investment in decades in roads,
$NIO Inc.$ was up over 2% in premarket trading. Days ago Nio subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.What Happened: The move comes after Cambricon said Friday it has agreed to increase the registered capital of its wholly-owned subsidiary Cambricon Xingge by 170 million yuan and bring in investors, as per the report.Nio’s subsidiary Weiran Investment Co. Ltd. acquired a 2% stake in Xingge for RMB 4 million .Weiran is wholly owned by XPT, NIO's motor bus