Markets closed lower Tuesday following a holiday weekend, with investors remaining cautious ahead of remarks from Federal Reserve Chairman Jerome Powell later this week.
These stocks made moves Tuesday:
American depositary receipts of
Alibaba
(ticker: BABA) fell 4.5% after the Chinese e-commerce giant said Daniel Zhang will be stepping down as chairman and chief executive. He will remain as leader of the company’s cloud intelligence group, which the company announced last month would be spun off.
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