🔴 BABA is trading 3% down today on tech-to-value rotation and macro headwinds

BABA is trading at $158.74 (-3.00%) today, extending a multi-day decline as high-growth tech stocks face pressure from a rotation into value sectors.

• The stock has retreated from $163.65 yesterday and $168.39 on Feb. 2, despite a lack of company-specific news.
• Broader markets are down following weak ADP employment data (22K vs. 45-48K expected) and a Fed Chair nomination signaling tighter monetary policy.
• The NASDAQ Composite fell 1.24% amid mounting AI concerns and shifting macroeconomic sentiment.