Dow Jumps Over 250 Points; Alibaba Posts Upbeat Results - Alibaba Gr Hldgs (NYSE:BABA), Barnes & Noble Education (NYSE:BNED)

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Dow Jumps Over 250 Points; Alibaba Posts Upbeat Results - Alibaba Gr Hldgs (NYSE:BABA), Barnes & Noble Education (NYSE:BNED)

U.S. stocks traded mixed this morning, with the Dow Jones gaining more than 250 points on Tuesday.

Following the market opening Tuesday, the Dow traded up 0.61% to 46,729.44 while the NASDAQ fell 0.28% to 22,808.72. The S&P 500 also rose, gaining, 0.08% to 6,710.34.

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Leading and Lagging Sectors

Communication services shares jumped by 1.4% on Tuesday.

In trading on Tuesday, information technology stocks fell by 1.1%.

Top Headline

Alibaba Group Holding (NYSE: BABA ) reported revenue and earnings that exceeded analyst expectations.

The company posted quarterly revenue of $34.81 billion, up 5% year-over-year, surpassing the analyst consensus estimate of $34.43 billion.

The adjusted earnings per American Depositary Share (ADS) came in at 61 cents, topping the analyst consensus estimate of 49 cents.

Equities Trading UP
           

Rubico Inc (NASDAQ: RUBI ) shares shot up 67% to $0.26 after the company announced it extended its tanker charters. Shares of Clean Energy Technologies Inc (NASDAQ: CETY ) got a boost, surging 75% to $1.87 after the company secured a $10 million battery energy storage project in New York. Barnes & Noble Education Inc (NYSE: BNED ) shares were also up, gaining 37% to $9.18 after the company announced preliminary full-year fiscal 2025 and year-to-date fiscal 2026 unaudited financial results.

Equities Trading DOWN

MingZhu Logistics Holdings Ltd (NASDAQ: YGMZ ) shares dropped 84% to $0.17 after the company announced an $8 million registered direct offering. Shares of GreenPower Motor Company Inc. (NASDAQ: GP ) were down 34% to $0.8500. K Wave Media Ltd. (NASDAQ: KWM ) was down, falling 24% to $0.68.

Commodities

In commodity news, oil traded down 2.1% to $57.59 while gold traded up 1.1% at $4,140.50.

Silver traded up 1.7% to $51.185 on Tuesday, while copper rose 3.8% to $5.1545.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 0.8%. London's FTSE 100 rose 0.5%, Germany's DAX 40 gained 0.7% and France's CAC 40 rose 0.6% during the session.

Asia Pacific Markets

Asian markets closed mostly higher on Tuesday, with Japan's Nikkei gaining 0.07%, Hong Kong's Hang Seng gaining 0.69%, China's Shanghai Composite gaining 0.87% and India's BSE Sensex declining 0.37%.

Economics

The S&P CoreLogic Case-Shiller Home Price Index increased 1.4% year-over-year in September, slowing for the eighth straight month. The FHFA house price index came in flat for September. U.S. producer prices gained by 0.3% month-over-month in September, following a 0.1% decline in the previous month. U.S. retail sales rose by 0.2% month-over-month in September compared to a 0.6% gain in August.

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Loading... Loading... BABA Alibaba Group Holding Ltd $164.00 -% Overview BNED Barnes & Noble Education Inc $8.61 -% CETY Clean Energy Technologies Inc $1.77 -% GP GreenPower Motor Co Inc $1.18 -% KWM K Wave Media Ltd $0.7767 -% RUBI Rubico Inc $0.2399 -% YGMZ MingZhu Logistics Holdings Ltd $0.1809 -% Market News and Data brought to you by Benzinga APIs

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