Alibaba, Salesforce Among Morning Market Cap Stock Movers on Monday

The stock market on Monday experienced significant fluctuations, with some stocks showing impressive gains while others faced declines. Noteworthy performances came from mega-cap stocks such as Alibaba and Salesforce, alongside large-cap names like Futu Holdings and Ke Holdings Inc. Below is an overview of some of the most impactful stock movements throughout the day, categorized by market capitalization.

Mega-Cap Movers:

• Alibaba: +2.78% as it benefits from ongoing China stimulus efforts.
• Salesforce: -1.62%.

Large-Cap Stock Movers:

• Futu Holdings: +19.62%, fueled by Chinese retail investors’ excitement.
• Ke Holdings Inc: +12.4%.
• NIO Inc: +12.91%, reflecting gains in electric vehicle stocks related to China stimulus.
• New Oriental Education & Tech: +7.83%, with the company set to report first quarter financial results on October 23, 2024.
• Li Auto Inc: +6.98%, seeing a boost from the positive sentiment in the EV market.
• BeiGene: +5.86%.
• Coinbase Global: -5.96% as Bitcoin consolidates recent gains.
• China Lodging Group: +5.15%.
• JD.com: +4.32% on the back of Chinese economic stimulus.
• Yum China Holdings Inc: +4.59%, also benefiting from stimulus efforts.

Mid-Cap Stock Movers:

• Tal Education Group: +17.36% driven by continued optimism regarding China stimulus.
• EchoStar Corp: -17.76% as DIRECTV plans to acquire its DISH and Sling TV operations.
• IQIYI Inc: +14.66%.
• Zeekr Intelligent Technology: +12.75%.
• Miniso Group Holding Ltd: +8.11%.
• Kanzhun Inc: +7.8%.
• Weibo Corp: +5.8%.
• Bilibili Inc: +7.64%.
• RLX Technology: +8.63%.
• Lufax Holding Ltd: +6.95%.

Small-Cap Stock Movers:

• Prime Medicine: +38.29% following a gene editing agreement with Bristol Myers Squibb.
• UP Fintech Holding: +26.97% amid enthusiasm from retail investors in China.
• Uxin: +29.62%.
• LexinFintech: +20.29%.
• GSX Techedu A: +15.13%.
• Noah Holdings Ltd: +15.19%.
• Selectquote Inc: +16.67%.
• Prothena Corporation PLC: -16.66%.
• Capricor Therapeutics: +20.6%.
• Dingdong ADR: +16.61%.

Stay tuned for real-time market updates as developments unfold.

This article was created with assistance from AI and has been reviewed by an editor.