Dropping for nine consecutive days, Alibaba closes at $81.67 (down 0.67%)

A quick look at Friday: during Friday's session, Alibaba toiled and struggled for upward momentum before closing at $81.67. By the close, the the Chinese tech colossus suffered a 55 cents or 0.67% loss.

• The day's trading volume totalled 20.49 million shares — slightly under the 21-day average of 22.60 million.

Alibaba closed lower Friday, with similar drops noticed throughout the Consumer Cyclical sector (down 0.647%).

The Chinese technology developer is now trading 32.82% below the significant high of $122.39 it set around 8 months ago. Alibaba is currently trading with a market cap of $211.32 billion with an average daily volume of 22.60 million shares. Alibaba is forecasted to generate revenues of $226.62 billion and EPS of $1.89.

Alibaba was not the only decliner in the consumer discretionary sector; Toyota went down to $133.48, losing 1.78% after it closed at $135.9 Friday. McDonald's went down to $267.2, losing 1.25% after it closed at $270.57 Friday. Walt Disney closed at $93.2 (down 1.16%).