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Nasdaq Rises 100 Points; Alibaba Posts Weak Earnings

Benzinga ·  May 14 14:34

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 100 points on Tuesday.

The Dow traded up 0.22% to 39,519.75 while the NASDAQ rose 0.64% to 16,492.50. The S&P 500 also rose, gaining, 0.34% to 5,239.17.

Leading and Lagging Sectors

Real estate shares rose by 0.5% on Tuesday.

In trading on Tuesday, energy shares fell by 0.7%.

Top Headline

Alibaba Group Holding Limited(NYSE:BABA) reported weaker-than-expected earnings for its fiscal fourth-quarter.

The e-commerce giant reported fiscal fourth-quarter 2023 revenue growth of 7% year-on-year to $30.73 billion, beating the analyst consensus estimate of $30.40 billion. Adjusted earnings per...

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