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home / news releases / DIDI - Hot Stocks: UAL NUE rise on earnings; XRX CVNA drop; Chinese tech stocks fall

DIDI - Hot Stocks: UAL NUE rise on earnings; XRX CVNA drop; Chinese tech stocks fall

DiDi Global Inc. American Depositary Shares (each four representing one Class A)
Concerns about interest rates left the major averages sharply lower at the close on Thursday. Wall Street opened the day higher, but the major averages deteriorated amid hawkish comments from Federal Reserve Chairman Jerome Powell. Chinese tech stocks were among the names losing ground during the session, although their retreat had more to do with authorities in their home country. Continued confusion about the regulatory treatment of Didi (DIDI) prompted declines in Baidu (BIDU), Weibo (WB) and Alibaba (BABA) as well. Beyond rate concerns, earnings news was a key catalyst during the session. Xerox (XRX) and Carvana (CVNA) both plummeted following the release of their respective financial figures. Meanwhile, quarterly updates prompted buying in United Airlines (NASDAQ:UAL) and Nucor (NYSE:NUE). Sector In Focus Chinese tech stocks declined, dragged down by a whirlpool caused by Didi Global (DIDI), which continues to be at the center of regulatory uncertainty.  The latest news

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Hot Stocks: UAL, NUE rise on earnings; XRX, CVNA drop; Chinese tech stocks fall
Stock Information
Company Name: DiDi Global Inc. American Depositary Shares (each four representing one Class A)
Stock Symbol: DIDI
Market: NYSE
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