Nasdaq Surges Over 1%; Alibaba Shares Gain After Q4 Results

U.S. markets traded mixed midday as the Nasdaq (US Tech 100) led gains, rising just over 1%, while the S&P 500 and Dow showed smaller moves. Alibaba shares jumped after mixed fiscal Q4 results — revenue slightly beat estimates but adjusted EPS missed — helping tech sentiment. Individual stock movers included large rallies in small-cap reports (Velo3D, C4 Therapeutics, Tower Semiconductor) and notable declines for companies that missed. Commodities saw modest strength: oil edged higher, gold ticked up and silver jumped sharply. Macro data showed U.S. producer prices rose 1.4% month-over-month in April, the largest gain since March 2022, which may affect near-term inflation and rate expectations. Overall, the piece is a market roundup highlighting a tech-led advance amid mixed economic signals.