It's like Alibaba cures cancer or something No, Alibaba doesn't actually cure cancer; however, you would think so as some traders say it's lifting stocks ahead of its high-profile IPO tomorrow.
| By: Bob Pisani
UPDATE 8-Oil falls on supply glut and strong dollar *Supply risks rise with Libyan setback, OPEC talk. Brent prices slid sharply around 11:34 a.m. EDT, dropping 60 cents a barrel within 13 minutes, while U.S. crude tumbled 90 cents over the same period. The decline in the global benchmark Brent price was limited by a drop in Libya's output and talk of OPEC production cuts.
| By: Catherine Ngai
US STOCKS-Energy sector lags as oil falls NEW YORK, Sept 18- Shares in energy companies were trading lower on Thursday, as a rise in the U.S. dollar and demand concerns sent oil prices lower. Brent crude was down 1.4 percent to $97.55 while U.S. crude lost 1.1 percent to $93.38. Chevron Corp, down 0.4 percent to $124.24 and Exxon Mobil, down 0.3 percent to $96.77, were the two biggest drags on the Dow Industrials.
UPDATE 1-UK markets swinging towards Scottish "No" *Yes vote would be barrier to Bank of England rate rise. LONDON, Sept 18- British financial markets were laying bets that Scots would vote "No" on independence on Thursday, pushing the pound to a two-year peak against the euro and Scotland- based stocks higher in the final hours of polling. Scotland would vote for independence, sending a shock wave.
| By: Anirban Nag and Sudip Kar-Gupta
GLOBAL MARKETS-Dollar hits six-year peak vs yen, stocks rally NEW YORK, Sept 18- The dollar hit a more than six-year peak against the yen on Thursday on data showing U.S. jobless claims fell more than expected last week, while global equity markets rallied after the Federal Reserve again pledged to keep interest rates low.
| By: Herbert Lash