AVASF - Hot Stocks: Chinese tech stocks jump; S rises on earnings; NLOK falls; DAC hits high; TLS reaches low

While the start of the Federal Reserve's rate-hiking cycle prompted a wobble in the middle of the day, stocks overcame worries about rising interest rates to finish sharply higher on Wednesday. The Nasdaq led the rally, posting a gain of 3.8%, adding to a rebound that started the previous day. Chinese technology stocks contributed to the general advance, amid signs that the Beijing government has offered its support to economic growth and regulatory reform. Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), JD.com (NASDAQ:JD), Pinduoduo (NASDAQ:PDD) and DiDi Global (NYSE:DIDI) each rose more than 30% on the session. SentinelOne (NYSE:S) was another notable gainer. The stock climbed following the release of a strong quarterly report. Meanwhile, Danaos (NYSE:DAC) built on its recent momentum to hit a new 52-week high. Looking at some of the day's notable decliners, NortonLifeLock (NASDAQ:NLOK) fell on regulatory concerns. At the same time, earnings news drove Telos (NASDAQ:TLS) to a

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Hot Stocks: Chinese tech stocks jump; S rises on earnings; NLOK falls; DAC hits high; TLS reaches low