U.S. stock market opens: The three major U.S. stock indices rise slightly by 0.1%, NetEase rises over 7%, Bilibili falls over 7%

Wallstreetcn
2024.11.14 14:31

Chinese concept stocks JD.com fell 1.7%, Bilibili fell 7.6%, and NetEase rose 7.6%. Cisco fell 2.4%, and ASML ADR rose 4.6%. The latest earnings report shows that JD.com's Q3 revenue grew 5% year-on-year, exceeding expectations, with net profit soaring 48%, and active users experiencing double-digit growth for three consecutive quarters; mobile games and advertising revenue surged, with Bilibili's Q3 revenue increasing 26% year-on-year, and adjusted net profit turning positive for the first time; NetEase's Q3 revenue and net profit both shrank under pressure in its gaming business, despite strong growth in PC games; Cisco's last quarter revenue fell 6% but still beat expectations, and it slightly lowered its full-year guidance

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