Start the conversation
With Alibaba Group Holding Ltd.'s earnings reporting on Friday (May 4), many investors are wondering whether this year's trade war turmoil between China and the United States will impact the company's first-quarter earnings.
Wall Street certainly seems to think so.
After hitting an all-time high on January 26th, Alibaba's stock plummeted 18% as the White House ratcheted up trade tensions with the nation's largest trading partner. As of May 1, Alibaba's stock sat at $178 – a 12% drop from its pre-trade war high of $204.