On Friday, May 10, before the U.S. stock market, the three major futures indexes rose slightly, with Dow futures up 0.09%, S&P 500 futures up 0.03%, and Nasdaq 100 futures up 0.04%.
In the U.S. stock market, WSB concept stocks continued to rise before the market, and Game Station rose by more than 40%. AMC cinemas rose more than 50%, and BlackBerry rose more than 25%. On the news side, Keith Gill, who became famous for calling on short-term traders to squeeze short in 2021 on the U.S. stock post bar, returned to social media X after three years.
Some popular Chinese concept stocks and U.S. stocks fell pre-market, with Xpeng Motors and Li Auto falling more than 2%.
Alibaba fell more than 2% premarket. On the news side, Alibaba's financial report showed that the group's revenue in the fourth quarter was 221.87 billion yuan, an increase of 6.6% year-on-year, exceeding the market estimate of 219.79 billion yuan. Adjusted earnings per ADS were RMB10.14, compared to RMB10.71 in the year-ago quarter, adjusted EBITDA was RMB30.81 billion, down 4.1% year-on-year to an estimate of RMB30.38 billion, and adjusted net profit was RMB24.42 billion, down 11% year-on-year. Meanwhile, Alibaba's board of directors has approved a dividend of US$4 billion for fiscal 2024.
European stocks were mixed
Britain's FTSE 100 index fell 0.17%, Germany's DAX index fell 0.05%, and France's CAC 40 index rose 0.11%. The Euro Stoxx 50 fell 0.12%.
International crude oil was lower
WTI crude fell 0.03% to $79.10 a barrel. Brent crude fell 0.02% to $83.34 a barrel.
Spot gold moved higher
Spot gold rose $9.83 to $2,346.12 an ounce during the day.
Bitcoin fell more than 2%
Bitcoin fell 2.06% during the day and is now trading at $61,600 per coin.
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