U.S.-listed shares of Alibaba Group Holding Ltd BABA.N fell 1.2% after the Chinese e-commerce giant posted a smaller-than-expected rise in quarterly revenue. Softer-than-expected inflation data in recent days had boosted expectations of smaller interest rate increases, but strong retail sales figures on Wednesday stoked concerns that the Fed could keep tightening monetary policy further. "There's still some thought about the Target news of yesterday ... investors are trying to understand how weak the fourth quarter might look and its impact on companies," said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey.