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Wednesday's big stock stories: What’s likely to move the market in the next trading session

Cnbc · · 392 words · By Jason Gewirtz
open_in_new Read the original article: https://www.cnbc.com/2026/05/12/wednesdays-big-stock-stories-whats-likely-to-mov…

fact_checkFact-Check Results

21 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

schedule Pending 11
info Single Source 5
help Insufficient Evidence 3
check_circle Corroborated 2
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“The iShares China Large-Cap ETF (FXI) is down 11% from the October high.”
SINGLE SOURCE
Web search results provide general stock quotes and historical data pages for FXI, but none of the provided snippets contain the specific percentage drop from an October high.
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web search NEUTRAL — Find the latest iShares China Large-Cap ETF (FXI) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/FXI/
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web search NEUTRAL — Latest iShares China Large-Cap ETF (FXI:PCQ:USD) share price with interactive charts, historical prices, comparative analysis, forecasts, business profile and more.
https://markets.ft.com/data/etfs/tearsheet/summary?s=FXI:PCQ…
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web search NEUTRAL — View historical closing prices for iShares China Large-Cap ETF (FXI). See each day's opening price, high, low, close, volume, and change %.
https://seekingalpha.com/symbol/FXI/historical-price-quotes
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“The ETF [FXI] has gained 3% in the past month.”
CORROBORATED
TradingView explicitly states FXI price has risen by 3.63% over the last month, which corroborates the claim of a ~3% gain.
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web search NEUTRAL — About iShares China Large-Cap ETF.FXI price has risen by 3.63% over the last month, and its yearly performance shows a 7.36% increase. See more dynamics on FXI price chart.
https://www.tradingview.com/symbols/AMEX-FXI/
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web search NEUTRAL — ADVERTISEMENT. FXI. iShares China Large-Cap ETF. 37.40 +2.51%.The index designed to measure the performance of the largest companies in the Chinese equity market that trade on the Stock Exchange of Ho…
https://finance.yahoo.com/quote/FXI/performance/
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web search NEUTRAL — Historical data for the iShares China Large-Cap ETF (FXI) as well as the closing price, open, high, low, change and %change.Over the past 12 months, FXI has changed by 8.61%, with its 52-week range sp…
https://au.investing.com/etfs/ishares-ftse-xinhua-china-25-h…
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“The iShares MSCI China ETF (MCHI) is off 13.6% from the high hit back in October.”
SINGLE SOURCE
Search results provide general performance history for MCHI but do not specify the percentage drop from the October peak.
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web search NEUTRAL — The iShares MSCI China ETF seeks to track the investment results of an index composed of Chinese equities that are available to international investors.
https://www.ishares.com/us/products/239619/ishares-msci-chin…
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web search NEUTRAL — Get detailed information about the iShares MSCI China ETF. View the current MCHI stock price chart, historical data, premarket price, dividend returns and more.
https://www.investing.com/etfs/ishares-msci-china
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web search NEUTRAL — ADVERTISEMENT. MCHI. iShares MSCI China ETF. 57.33 +0.05%.Performance Overview: MCHI. Trailing returns as of 5/4/2026. Category is Greater China Region.
https://finance.yahoo.com/quote/MCHI/performance/
info
“The ETF [MCHI] has advanced 1.8% in the last month.”
SINGLE SOURCE
The provided evidence for MCHI discusses yearly returns and 10-year averages, but does not provide the specific 1-month return percentage to verify the 1.8% claim.
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web search NEUTRAL — iShares MSCI China ETF (MCHI) has returned -3.76% so far this year and 13.84% over the past 12 months. Over the last ten years, MCHI has returned 4.79% per year, falling short of the S&P 500 Index ben…
https://portfolioslab.com/symbol/MCHI
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web search NEUTRAL — ETF Summary. The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially …
https://finance.yahoo.com/quote/MCHI/performance/
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web search NEUTRAL — iShares MSCI China ETF (MCHI).Over the past 12 months, MCHI has changed by 11.57%, with its 52-week range spanning from 51.48 to 67.37.
https://www.investing.com/etfs/ishares-msci-china-historical…
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“The KraneShares CSI China Internet ETF (KWEB) is down 33% from the October high.”
SINGLE SOURCE
Search results provide general information about KWEB but do not mention the specific percentage drop from an October high.
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web search NEUTRAL — Should you invest in #KWEB right now? In this analysis video, we're going to compare it with a BASE statistical rate to see if this #ETF is a good long-term ...
https://www.youtube.com/watch?v=DPSpTBIcPnc
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web search NEUTRAL — Find here information about the KraneShares CSI China Internet ETF (KWEB).KWEB is listed and trades on the NYSE stock exchange. Is KWEB a Good ETF to Buy? To assess the potential returns, find the KWE…
https://www.investing.com/etfs/kraneshares-csi-china-interne…
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web search NEUTRAL — KWEB is a China ETF offering access to Chinese internet and AI companies similar to Google, Meta, Amazon, and Tencent. Access China's digital economy. Find KWEB price, holdings, performance, and fund …
https://kraneshares.com/etf/kweb/
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“It [KWEB] has gained 1.6% in the last month.”
INSUFFICIENT EVIDENCE
TradingView evidence explicitly states that KWEB NAV returns have fallen by -5.84% over the last month, directly contradicting the claim that it gained 1.6%.
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web search NEUTRAL — China E-Commerce & Internet Growth Potential: China has a large middle class population of over 500 million people7 which represents a sizeable market opportunity for the companies held in KWEB. China…
https://kraneshares.com/etf/kweb/
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web search NEUTRAL — Find the latest KraneShares CSI China Internet ETF (KWEB) stock quote, history, news and other vital information to help you with your stock trading and investing.
https://finance.yahoo.com/quote/KWEB/
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web search NEUTRAL — KraneShares CSI China Internet UCITS ETF. KWEB Euronext.NAV returns, another gauge of an ETF dynamics, have fallen by −5.84% over the last month, showed a −19.29% decrease in three-month performance a…
https://www.tradingview.com/symbols/EURONEXT-KWEB/
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“The Chinese internet giant [Alibaba] has fallen 15% in the last three months.”
CORROBORATED
Two independent sources (MSN and a related news report) explicitly state that Alibaba shares plunged 14.4% over the past three months, which aligns with the claim of a 15% fall.
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web search NEUTRAL — Alibaba stock fell after its fiscal Q2 results. Cloud growth accelerated, which the China tech giant credited to AI, but earnings missed.
https://www.investors.com/news/technology/alibaba-stock-baba…
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web search NEUTRAL — Alibaba Group BABA has experienced a turbulent quarter, with shares plunging 14.4% over the past three months as the Chinese e-commerce and cloud giant grapples with deteriorating profitability ...
https://www.msn.com/en-us/money/other/alibaba-stock-plunges-…
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web search NEUTRAL — Alibaba Group ( BABA Quick Quote BABA - Free Report) has experienced a turbulent quarter, with shares plunging 14.4% over the past three months as the Chinese e-commerce and cloud giant grapples ...
https://www.zacks.com/stock/news/2808044/alibaba-stock-plung…
info
“Alibaba shares are off 30% from the October high.”
SINGLE SOURCE
The evidence provided for Alibaba consists of general company descriptions and does not include specific price drops from an October high.
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web search NEUTRAL — Alibaba Group Holding Limited, branded as Alibaba (/ ˌæliˈbɑːbə, ˌɑː -/), is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June…
https://en.wikipedia.org/wiki/Alibaba_Group
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web search NEUTRAL — Find quality Manufacturers, Suppliers, Exporters, Importers, Buyers, Wholesalers, Products and Trade Leads from our award-winning International Trade Site. Import & Export on alibaba.com
https://www.alibaba.com/
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web search NEUTRAL — Alibaba.com is actively integrating the latest generative AI technology to reduce barriers for SMEs to participate in global commerce. It has streamlined the cross-border supply chain and introduced a…
https://www.alibabagroup.com/en-US/about-alibaba-businesses-…
help
“Shares [Cisco Systems] have jumped 32% in the past three months.”
INSUFFICIENT EVIDENCE
No evidence was found for this claim in the provided search results.
help
“The stock [Cisco Systems] hit a new high on Tuesday.”
INSUFFICIENT EVIDENCE
No evidence was found for this claim in the provided search results.
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“Cisco has gained about 21% in the past month.”
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“Shares [Cisco Systems] are up 8.5% in May.”
PENDING
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“Honeywell CEO Vimal Kapur will be on " Morning Call " with Morgan Brennan on Wednesday morning at 5 a.m.”
PENDING
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“Honeywell is off 12% from the March high.”
PENDING
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“Shares [Honeywell] are up 2.5% this week.”
PENDING
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“Nike is at a 12-year low.”
PENDING
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“Ingersoll Rand is at a 13-month low.”
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“Jacobs Solutions is also a 13-month low.”
PENDING
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“Otis Worldwide , the elevator company, is at a 42-month low.”
PENDING
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“IBM is at 13-month low.”
PENDING
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“NRG Energy is a 12-month low.”
PENDING
info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.