Although a number of major banks went very well. Worse outcomes became of Alibaba who stated that America’s financial supervisory authority launched an investigation of the Chinese e-commerce giant’s accounting system violates federal law. Alibaba’s shares fell 6.9 percent.
The Dow Jones industrial index rose 0.8 percent, while the Nasdaq composite index rose 0.7 percent. S & amp; P 500 also went up 0.7 percent.
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