Business

Shares of Alibaba and JD.com are rising. Don’t be thankful for singles day sales results.



Alibaba

and

JD.com

Stocks rose on Monday, but the price action did not appear to be driven by sales results from the closely watched annual Singles Day event.


Alibaba

(ticker: BABA) rallied 2.5% in US crypto trading, with shares in peer-to-peer e-commerce

JD.com

(JD) rose 3.5%, beating futures that track both

S&P 500

Indices and heavy tech stocks

Nasdaq

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