Why Alibaba Stock Is Skyrocketing Today

Shares of Alibaba Group (NYSE: BABA) are flying higher on Thursday. The company's stock gained 10.4% as of 10:24 a.m. ET. The gain comes as the S&P 500 (SNPINDEX: ^GSPC) lost 0.8% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) lost 1.1%. Growth in critical areas Chinese tech firm and online retail giant Alibaba posted better-than-expected numbers fo...