NEW YORK - U.S. stocks edged lower in choppy trading on Thursday as earnings, including Alibaba's, and a further drop in U.S. crude futures dragged shares lower, while a strong reading in the job market gave equities some support.
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BEIJING/SHANGHAI - Alibaba Group Holding Ltd's shares fell more than 10 percent early on Thursday, wiping more than $25 billion of market value after third quarter revenue at the Chinese internet giant fell short of analysts' expectations. | Video
- ConocoPhillips , the largest independent oil and gas company, on Thursday reported a quarterly loss and again slashed its 2015 capital expenditures, citing lower crude prices.
- Blackstone Group LP , the world's largest alternative asset manager, said on Thursday it had reduced its exposure to oil prices and was eyeing new opportunities in the energy sector as it reported a 6 percent decline in fourth-quarter profit.
DETROIT - Ford Motor Co on Thursday said it would keep relying on North America for its profit this year as the No. 2 U.S. automaker signaled that losses in Europe would be more than previously forecast.
- Dow Chemical Co's adjusted profit handily beat analysts' estimate as margins in its agricultural sciences business soared, helped largely by new crop protection products.
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