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The Dow, S&P 500, and Nasdaq were little changed at midday after the Labor Department reported wholesale prices rose more than expected in April.

Solar stocks such as Enphase Energy (ENPH) climbed, as well as those of Tesla (TSLA) and other electric vehicle (EV) makers, after the Biden administration announced tariffs on a large swath of Chinese imports, from semiconductors and solar cells to electric vehicles.

Shares of Plug Power (PLUG) soared after the hydrogen technology company said it received a conditional Department of Energy (DoE) loan of up to $1.66 billion to add six new facilities.

Monday’s resurgence of the meme stock craze of early 2021 continued, with shares of AMC Entertainment (AMC) skyrocketing as the movie theater chain completed its $250 million stock sale. Shares of another meme favorite, GameStop (GME), also soared.

Alibaba Group (BABA) American depositary receipts (ADRs) dropped after the Chinese e-commerce giant reported an 86% plunge in fiscal fourth-quarter net income from a year ago on the back of investment losses.

Amazon (AMZN) shares lost ground after the tech giant said Amazon Web Services CEO Adam Selipsky will step down.

Shares of Marathon Petroleum (MPC) were lower as the energy producer shook up its management team, naming President Maryann Mannen to replace CEO Michael Hennigan, who became executive chair. 

Oil futures slid and gold prices advanced. The yield on the 10-year Treasury note fell. The U.S. dollar was up versus the yen, but slipped against the euro and pound. Most major cryptocurrencies traded in negative territory.

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After paying all of their monthly expenses for housing, food and other household costs, transportation, child care and more, 44% of women say they have less than $250 left over each month, according to Investopedia and Real Simple’s 2024 survey. The survey found that, on average, women have $422 left over each month after spending on necessities. 

As the cost of living for Americans climbs, the survey also found that over half (54%) of women in America are struggling to pay at least one kind of expense.

Forty percent of women surveyed said they’re struggling to cover household expenses such as food and toiletries. Household expenses is the category they were most likely to say they struggle to cover, followed by transportation at 29%, and housing costs at 27%.

The survey found millennial and younger women are likely to find it more difficult to cover these types of expenses, and a greater share of their spending goes toward necessities at 57%. About one-quarter of women respondents who are millennials and younger also said they have student loan debt.

According to a 2023 report by the Federal Reserve on family finances in the U.S., the average transaction account, which includes checking, savings, money market, call accounts, and prepaid debit cards, had a balance of $62,500 in 2022. However, the median value of these accounts was lower at $8,000. With women in our survey reporting they have less than $250 after paying bills each month, it makes saving toward that balance even harder.                           

Adding to women’s economic anxiety over cash outflows is another startling stat about their inflows: The survey found 60% of women have never asked for a raise, and 69% have never asked for a promotion. The gender wage gap has narrowed over the years, but women in the U.S. still made about 84 cents for every dollar that men earned in 2022, according to a 2023 report by the U.S. Census Bureau.

Real Simple and Investopedia surveyed 2,002 American women (aged 18+) from Jan. 9 to Jan. 22, 2024. The survey was fielded online via a self-administered questionnaire to an opt-in panel of respondents from a market research vendor. Quotas were implemented in sampling using benchmarks from American Community Survey (ACS) from the U.S. Census Bureau for region, age groups, race/ethnicity, and household income. Respondents must have reported at least partially managing their own finances in order to qualify.

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American depositary receipts (ADRs) of Alibaba Group Holding (BABA) sank as the Chinese e-commerce giant's profit plunged on investment losses.

Alibaba said its fiscal fourth-quarter net income fell 86% over the year to 3.27 billion Chinese yuan ($453 million). Adjusted earnings for the quarter ended March were CNY10.14 ($1.40) per ADS. Both were below forecasts. A 7% increase in revenue at CNY221.9 billion ($30.73 billion) beat estimates.

The company blamed the profit decline primarily on “a net loss from our investments in publicly-traded companies during the quarter, compared to a net gain in the same quarter last year, due to the mark-to-market changes.”

Alibaba’s revenue got a boost from its core Taobao and Tmall Chinese online shopping business, which posted a 4% increase in sales to CNY93.22 billion ($12.91 billion).

In addition, the company announced that the board has approved a special two-part dividend made up of an annual regular cash dividend of $0.125 per ordinary share or $1.00 per ADS, and a one-time extraordinary dividend of $0.0825 per ordinary share or $0.66 per ADS. 

Alibaba ADRs were down 7.3% to $78.42 as of 12:15 p.m. ET.

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A writer by name Kim has revealed a new trend among couples in Lekki, Lagos, whereby they exchange each other’s spouses for the weekend.

She lamented how the trend of married couples exchanging each other’s spouses for sexual relations has become a norm, while expressing her concern at the direction the current generation is going.

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