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US Stock Market Opens, Dow Rises 0.5%, Alibaba Surges Over 4% Planning IPO

Summary: According to reports from sources, the US stock market opened with the Dow Jones Industrial Average rising 0.5%, the S&P 500 Index up 0.65%, and the NASDAQ Composite Index up 0.95%. Alibaba (BABA.N) surged over 4%, with the company planning an IPO for its AI chip manufacturing division 'Pingtouge'. Procter & Gamble (PG.N) rose 1.8%, ...

According to reports from sources, the US stock market opened with the Dow Jones Industrial Average rising 0.5%, the S&P 500 Index up 0.65%, and the NASDAQ Composite Index up 0.95%. Alibaba (BABA.N) surged over 4%, with the company planning an IPO for its AI chip manufacturing division 'Pingtouge'. Procter & Gamble (PG.N) rose 1.8%, while Abbott Laboratories (ABT.N) fell over 10%, with significant declines in revenue and net profit.

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