Nasdaq Surges Over 1%; Alibaba Shares Gain After Q4 Results
benzinga_article·
- U.S. stocks showed mixed performance, with the Nasdaq Composite increasing by 1.18%, while the Dow fell by 0.24%.
- Alibaba's shares rose 6% after reporting a slight revenue increase to $35.28 billion, although adjusted earnings missed expectations.
- In commodities, oil and silver prices rose, and U.S. producer prices jumped 1.4% in April, reflecting the largest monthly gain since March 2022.