HLTH - Hot Stocks: CCL earnings; HLTH CWAN rise in debuts; BABA BIDU fall on regulation

Earnings news, IPOs and more regulation from the Chinese government provided the main themes of midday trading on Friday. This included an intraday gain from Carnival (NYSE:CCL), which rallied on signs that its cruise business is coming back following the pandemic lockdowns. Meanwhile, a pair of IPOs showed significant strength in their early Wall Street careers. Both Cue Health (NASDAQ:HLTH) and Clearwater Analytics Holdings (CWAN) posted gains of more than 20% in their debuts. On the downside, China continued to drive the headlines. Alibaba (NYSE:BABA) and Baidu (NASDAQ:BIDU) dipped on signs of further intervention from the Beijing government. Gainers Carnival (CCL) got a boost in midday trading following the release of its quarterly results. While it announced a Q3 adjusted net loss of $2B, the cruise company also said it had cash-flow positive voyages during the quarter, a sign that its business was coming back after the COVID shutdowns. CCL

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Hot Stocks: CCL earnings; HLTH, CWAN rise in debuts; BABA, BIDU fall on regulation