Stocks Rise as Alibaba Sparks Optimism in Chinese Tech

Reported about 22 hours ago

Stocks gained momentum as Alibaba's robust earnings boosted optimism in the Chinese technology sector, driving Nasdaq futures up by 0.4%. Despite this positive outlook, declines in firms like Block Inc. and Rivian capped the gains. European markets also saw growth, with the Stoxx 600 Index increasing by 0.5%, backed by solid profits and a positive sentiment regarding peace talks in Ukraine. Meanwhile, the U.S. dollar strengthened slightly ahead of key economic data.

Source: YAHOO

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