U.S. stocks opened lower, Alibaba fell more than 5% after earnings

On May 15, Jin Ten Data reported that U.S. stocks opened with the Dow down 0.5%, the S&P 500 down 0.3%, and the Nasdaq down 0.6%. Alibaba (BABA.N) fell 5.8%, with Q4 revenue growth of 7% year-over-year falling short of expectations. NetEase (NTES.O) surged 8.5%, with net income in the first quarter up 7.4% year-over-year. Apple (AAPL.O) fell 0.5%, as Trump stated he does not want Apple to build factories in India. Walmart (WMT.N) fell 2.7% after earnings, with the CFO stating that price increases may begin this month. $BTC