Baidu Stock Bearish Momentum With An Over 3% Drop On Thursday
Baidu shares fall despite beating earnings estimates. The Chinese tech firm announced it was acquiring the Chinese livestreaming business of JOYY Inc for $3.6 billion. Shares of Baidu dropped 3.73% to $136.76 at 15:05 EST on Thursday. The Nasdaq Stock Market went up by 0.59% to $11871.7, on what seems, as yet, a positive trading…