- Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.The S
$Rivian Automotive, Inc.(RIVN)$,the EV automaker and automotive technology company is going to go public as soon as next week, and retail traders can get into the IPO on $SoFi Technologies Inc.(SOFI)$. Rivian said it is offering 135 million shares priced between $57 and $62, putting valuation up to near $55 billion. And the company is backed by $Amazon.com(AMZN)$ and $Ford(F)$ So compared to
Alibaba Stock: The Bottoming Process Looks To Be Forming Already
Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the