GTS - These 2 Stocks Are Scoring Big Wins Tuesday
Records have become commonplace on Wall Street lately, and Tuesday was no exception. Generally favorable sentiment from investors helped send some market benchmarks toward unprecedented heights. As of 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 69 points to 35,405. The S&P 500 (SNPINDEX: ^GSPC) was in line for a new record, gaining 12 points to 4,491, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) had also climbed further into record territory with a 68-point rise to 15,011.
Gains have been widespread across the market, and Tuesday's action only confirmed the breadth of the recent rally. Alibaba Group Holding (NYSE: BABA) is a household name around the world, while most investors have probably never heard of Triple-S Management (NYSE: GTS) . Both, however, made notable moves higher that showed just how bullish the current environment is across the economy.
Shares of Alibaba were higher by nearly 7% on Tuesday morning. The Chinese internet giant had lost half its value since October, but traders seem to believe the decline presents a buying opportunity for value-hunting investors.
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These 2 Stocks Are Scoring Big Wins Tuesday