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Why Alibaba Stock Was Gaining Today

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Why Alibaba Stock Was Gaining Today
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Shares of Alibaba (NYSE: BABA) were moving higher today, in tandem with a number of Chinese tech stocks. As of 2:31 p.m. ET, Alibaba stock was up 3.7%. The Nasdaq entered a correction yesterday, meaning that the tech-heavy U.S. index is down more than 10% from its recent peak, reached in November.

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