Here's Why Alibaba (BABA) Fell More Than Broader Market

Alibaba (BABA) closed the most recent trading day at $78, moving -0.79% from the previous trading session. This change lagged the S&P 500's 0.5% loss on the day. Meanwhile, the Dow experienced a rise of 0.5%, and the technology-dominated Nasdaq saw a decrease of 1.28%.Coming into today, shares of the online retailer had gained 8.92% in the past month. In that same time, the Retail-Wholesale sector lost 1.37%, while the S&P 500 gained 0.1%.Analysts and investors alike will be keeping a close eye on the perfo ...