US stocks fall again while Alibaba gains on big AI push | Business

NEW YORK, Sept 25, 2025 (BSS/AFP) - Wall Street stocks retreated for a second straight session Wednesday while oil prices moved higher as Chinese online retail giant Alibaba surged on new AI investments. Major US indices pulled back further from Monday's record closes following comments Tuesday from Federal Reserve chief Jerome Powell that US stocks are "fairly highly valued." "We've given up some ground today," said FHN Financial's Chris Low. "It really does look mostly." Briefing.com described Wednesday's trading as a shift from the bargain-hunting impulse that has surfaced after other recent dips. But Wednesday's losses were "modest in the scope of recent gains," Briefing said in its note. Following a mixed day on European stock markets, the broad-based S&P...