Alibaba Stock Discussion

Index Analysis
• Nasdaq Composite
While the index continued to face downward pressure, it managed to hold above the key 20,000level, which remains a critical support. The market's focus is now on whether this level can hold in the coming days. If it does, we could see a short-term recovery, but failure to hold this support could signal a deeper correction towards the 19,500 area.
• S&P 500
The market remains indecisive...