U.S. stocks opened lower and continued to decline, with the Dow Jones Industrial Average closing down 0.97%, the S&P 500 down 1.51%, and the Nasdaq Composite down 2.01%. Advanced Micro Devices (SMCI.O) fell over 33%, Nvidia (NVDA.O) fell 3.2%, and Mi

2026-03-21

U.S. stocks opened lower and continued to decline, with the Dow Jones Industrial Average closing down 0.97%, the S&P 500 down 1.51%, and the Nasdaq Composite down 2.01%. Advanced Micro Devices (SMCI.O) fell over 33%, Nvidia (NVDA.O) fell 3.2%, and Micron Technology (MU.O) fell 4.8%. The Nasdaq China Golden Dragon Index fell 2.8%, and XPeng Motors (XPEV.N) fell 8.2%.

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Daiwa analysts said Alibaba’s long-term outlook remains promising despite weaker-than-expected Q3 profitability. They are cautious on overall profitability but constructive on Alibaba Cloud’s medium-term AI monetization, highlighting the new Token Hu

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