If trading were to be graded for their dramatic values, with a zero for a boring trading day and ten akin to a catharsis in a Shakespearean tragedy, then the landmark decline of $Alibaba (BABA.US)$ shares that swept throughout Q4 of 2021, would probably be rated as an 8. In the beginning, nobody could have believed that this catastrophe could  have fallen on the Evergreen favourite $Alibaba (BABA.US)$ and worst of all it has to be a prolonged tumble of 52 weeks low.
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Asian stocks set for steady open; Bond yields jump
Asian stocks looked set for a steady open Friday after U.S. shares rallied and sovereign bond yields surged on economic optimism.
Futures rose in Japan, were little changed in Australia and dipped in Hong Kong. The $S&P 500 Index (.SPX.US)$posted its biggest two-day gain since July, led by economically-sensitive sectors like energy and financials, as investors embraced the view that a looming reduction in Federal Reserve stimulus affirms the recovery from the pandemic. U.S equity contracts fluctuated.
Stock-bond divergence mystery eases, signaling belief in growth
An enduring mystery of 2021 markets showed signs of unwinding Thursday, with divergent signals on economic growth in stocks and bonds beginning to harmonize.
Struggling DraftKings finds buyers in Wood's ARK, retail traders
Cathie Wood and buy-the-dip retail traders are snapping up shares of $DraftKings (DKNG.US)$and boosting the stock after it got hammered this week over its move to U.K. gambling company Entain.
Wood's Ark bought roughly 770,000 shares of Boston-based DraftKings on Wednesday across two exchange-traded funds. Those buys follow a rush of retail investors who snatched up $44 million worth of shares on Tuesday and added another $11 million Wednesday. DraftKings shares surged as much as 2.3% out of the gate Thursday.
Costco sales rose 17% in latest quarter
$Costco (COST.US)$sales increased in its latest quarter but inflationary pressures continued to build. The wholesale retail chain estimated overall price inflation on its products were in the 3.5% to 4.5% range, up from its earlier estimate of 2.5% to 3.5% in the previous quarter.
Dell plans buybacks, provides post-spinoff outlook
$Dell Technologies (DELL.US)$is planning a $5 billion share-repurchase program and projected revenue growth of up to 4% annually through fiscal 2026 as it nears the spinoff of its majority stake in $Vmware (VMW.US)$in November.
The company also plans to start paying dividends to shareholders in the fiscal quarter that will run through April 2022. Dell is targeting dividends of about $1 billion a year, it said Thursday.
Salesforce boosts sales outlook as pandemic continues to lift demand
$Salesforce (CRM.US)$, the market leader in sales software, raised its revenue guidance for the fiscal year that ends Jan. 31 to a range between $26.25 billion and $26.35 billion, a jump from its previous estimate of $26.2 billion to $26.3 billion.
The company expects the growth to continue the following year. It predicts revenue between $31.65 billion and $31.8 billion for the fiscal year ending January 2023. The company's shares Thursday rose close to 7% on the news.
Nike shares fall as supply chain havoc leads retailer to slash revenue forecast
$Nike (NKE.US)$said that global supply chain congestion is hurting the business more than it previously anticipated. The sneaker giant lowered its fiscal 2022 outlook to account for longer transit times, labor shortages and prolonged production shutdowns in Vietnam.
Nike now expects full-year sales to increase mid-single digits, compared with a prior outlook of low-double digit growth. Shares dropped more than 3% in extended trading Thursday.
JPMorgan says flows show the buy-the-dip mantra is at risk
Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is fraying, according to JPMorgan Chase & Co. strategists.
An outflow of $11 billion from equity exchange-traded funds on Sept. 20 -- the biggest on a down day this year outside of quarterly options and futures expirations -- is "rather concerning" because it's inconsistent with the buy-the-dip behavior that's helped propel equities higher for months, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.
Source: Bloomberg, WSJ,CNBC

Stock futures were flat in overnight trading on Thursday after two straight days of gains pushed major averages into positive territory for the week.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ futures were up 20 points. $S&P 500 Index (.SPX.US)$futures and $NASDAQ 100 Index (.NDX.US)$ futures were little changed.
$Devon Energy (DVN.US)$ $Salesforce (CRM.US)$ $Apache (APA.US)$
$Entergy (ETR.US)$ $Digital Realty Trust Inc (DLR.US)$ $ResMed (RMD.US)$

Hey moomooers, check out Thursday's hot sectors and hot stocks here!
$NVIDIA (NVDA.US)$ $Amazon (AMZN.US)$ $Salesforce (CRM.US)$ $Meta Platforms (FB.US)$ $Microsoft (MSFT.US)$