Why Alibaba Stock Was Gaining Today

Shares of Alibaba (NYSE: BABA) were moving higher today, in tandem with a number of Chinese tech stocks. There was no company-specific news on the e-commerce giant, but a number of macro factors seemed to be pushing the stock higher.

As of 2:31 p.m. ET, Alibaba stock was up 3.7%.

Image source: Alibaba.

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Source Fool.com