Nasdaq Leads Gains as Alibaba Earnings Beat Revenue Estimates
Alibaba’s $35.28 billion Q4 revenue tops forecasts, driving a 6% surge in shares and lifting broader tech stocks. U.S. equities diverged mid-session Wednesday, with the Nasdaq Composite rising 1.18% to 26,395.66, fueled by Alibaba’s fiscal fourth-quarter results. The Dow J