U.S. stock futures rose on Tuesday morning, but Chinese tech stocks took a dive after the government’s stimulus announcement fell short of expectations. Alibaba shares dropped sharply, leading a wave of losses in major tech companies.
Results for: Chinese Stimulus
US stocks climbed higher on Thursday, driven by positive earnings reports, a proposed Chinese stimulus package, and a surge in Chinese stock prices. Jabil Inc. led the gains after exceeding fourth-quarter expectations, while other companies like Micron Technology and Southwest Airlines also reported strong results.