Alibaba Lower at Open Despite Ringing in Record 'Singles Day' Sales

Wall Street is open for business and stocks started the day mostly unchanged sitting on record levels on this Veteran's Day. The bond markets and government offices are closed to commemorate the holiday. No economic data for investors but there were some earnings before the bell moving stocks in early trading. D.R. Horton (DHI) is lower after reporting it missed its earnings estimates by $0.03. The home builder did beat revenue expectations and made upbeat comments on its growth prospects. Caesars Entertainment (CZR) posted a wider-than-expected third quarter loss. Revenue also came in below estimates. The casino operator blamed results on players winning more at the tables along with smaller tax benefits. Alibaba’s (BABA) ‘Singles Day’ is now the world’s most lucrative online shopping day. Sales for the China-based e-commerce company surpassed $8 billion. Alibaba invented ‘Singles Day’ in 2009, which is now on its way to becoming the most profitable manufactured holiday in history.