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Shares of U.S.-listed Chinese companies saw a decline in midday trading as Beijing’s economic planning agency did not announce any major stimulus plans. Bilibili, Nio, PDD, JD.com, and Alibaba all experienced drops, while casino operators like Las Vegas Sands and Wynn Resorts also saw decreases. On the other hand, DocuSign experienced a 7% increase after news broke that it would be replacing MDU Resources in the S&P MidCap 400 index. Super Micro Computer and Nvidia both experienced fluctuations, with Super Micro pulling back and Nvidia climbing. Humana saw a 3% jump after an upgrade from Bernstein, while Roblox fell 2% following negative claims from Hindenburg Research. Sphere Entertainment and Waters Corp also saw changes in their stock prices, with Sphere announcing the departure of its CFO and Waters Corp receiving an upgrade from Jefferies. Affirm advanced more than 6% after an upgrade to buy from BTIG.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
