Why the Market Dipped But Alibaba (BABA) Gained Today
BABA(BABA) Zacks Investment Research·2024-04-01 22:51In the latest market close, Alibaba (BABA) reached $73.37, with a +1.4% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.2%. At the same time, the Dow lost 0.6%, and the tech-heavy Nasdaq gained 0.11%.Prior to today's trading, shares of the online retailer had lost 3.03% over the past month. This has lagged the Retail-Wholesale sector's gain of 2.13% and the S&P 500's gain of 3.32% in that time.The investment community will be closely monitoring t ...