Let's Talk Market Crash Just as Records Get Broken: Taking Stock
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S&P 500 futures are right at the flat-line following relatively lackluster equities sessions around the world.
Individual stock moves are few and far between, aside from Alibaba (as the best house in the crowded "BAT" neighborhood year-to-date gains ~3% in early trading, or a 180-degree turn from Tencent’s horror show last week), a couple of consumer names like Hormel (falling >6% disappointing top-line forecast) and Williams-Sonoma (zooming up ~7% on results; more on this below), and Chinese ADR Qudian (slumping as much as 20% at one point on a terminated partnership with Ant Financial).