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U.S.-listed Chinese stocks Alibaba Group Holding (NYSE:BABA), JD.com, Inc (NASDAQ:JD), PDD Holdings Inc (NASDAQ:PDD), Baidu, Inc (NASDAQ:BIDU), NIO Inc (NYSE:NIO), Li Auto Inc (NASDAQ:LI), XPeng Inc (NYSE:XPEV) are trading higher Tuesday amid reports indicating China’s stimulus plans to deter potential U.S. tariffs. Chinese e-commerce juggernaut Alibaba is considered the barometer for China’s tech sector. Reuters cites familiar sources as saying Chinese authorities plan to issue 3 trillion yuan

Wall Street's main indexes rose on Tuesday in a truncated trading session before Christmas, with the S&P 500 and the Nasdaq up for the third consecutive day, helped by gains in a handful of megacap and growth stocks. Broadcom and Nvidia provided the biggest boost to the indexes, advancing 2.7% and 0.7%, respectively, while Consumer Discretionary and Technology led gains among S&P 500 sectors. At 09:42 a.m. the Dow Jones Industrial Average rose 32.38 points, or 0.08%, to 42,939.33, the S&P 500 gained 21.68 points, or 0.36%, to 5,995.75, and the Nasdaq Composite gained 116.55 points, or 0.59%, to 19,881.43.

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The latest announcement is out from Comtech Telecommunications ( (CMTL) ). Comtech Telecommunications Corp. received a notification from Nasdaq indicating non-compliance with periodic filing requirements due to the delayed submission of its Quarterly Report for the period ended October 31, 2024. Although this does not immediately affect the company’s listing or trading status, Comtech has until February 17, 2025, to submit a corrective plan to Nasdaq. If accepted, an extension until June 16, 202

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Markets are scheduled to close at 1:00 pm Eastern time today, and will remain closed on Wednesday, as part of the traditional Christmas observances on Wall Street.

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Tech stocks strengthened on Monday, with Nvidia and other chipmakers leading the recovery in the sector.