GRPH - Hot Stocks: Chinese stocks jump; FRGE surges in debut; PANW hits high; ORIC GRPH plunge

Wall Street resumed its recent upswing on Tuesday, led by a 2% rise in the Nasdaq, which closed above 14,000 for the first time since mid-February. The rally came amid a surge in bond yields, with investors adding risk to their portfolios in a scramble for higher returns. As an example of the appetite for more speculative names, Chinese stocks were among the best performers on the session. Bilibili (BILI), Alibaba (BABA), JD.com (JD) and Baidu (BIDU) all posted notable gains on the day. Forge Global (FRGE) was another standout performer. The stock spiked in its first session following the closing of a SPAC deal. Meanwhile, Palo Alto Networks (NASDAQ:PANW) added to its recent gains and set a fresh 52-week high, as increased geopolitical risk has put its cybersecurity services in the spotlight. Looking at the downside, Oric Pharmaceuticals (ORIC) fell nearly 30% after weak clinical data forced it to

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Hot Stocks: Chinese stocks jump; FRGE surges in debut; PANW hits high; ORIC, GRPH plunge