Alibaba Soars but Markets Mostly Down
September 19, 2014 at 16:55 PM EDT
U.S. markets were mostly down on Friday, following the much anticipated Alibaba IPO, which saw shares of the Chinese e-commerce giant jump over 38% in its first day of trading. Markets had gained earlier after Scotland’s vote to remain part of the UK alleviated some volatility concerns, but slid lower in afternoon trading.