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Alibaba, Wayfair upgrade, Snap subscriptions: Trending stocks

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Stocks were higher in early trading on Friday after experiencing a down week amid the Federal Reserve's September meeting. Alibaba (BABA) shares rose as the Chinese government could be relaxing stock restrictions on foreign ownership of domestic publicly traded companies, according to a report from Bloomberg. Wayfair (W) shares were up after the stock received an upgrade from Bernstein to 'market perform' from 'underperform,' as well as a raised price target to $65 from $60. Snap Inc. (SNAP) shares rose as the social media app has over five million users on its Snapchat+ paid subscription plan. Yahoo Finance Live takes a look at some of the trending tickers of the day. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

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Fed chair Jerome Powell said at a news conference Wednesday afternoon that he thinks the end is near for rate hikes, but the job on getting inflation down is not done. “The process of getting inflation sustainably down to two per centYou can earn massive passive income tax free from your TFSA. Here's how with your first dividend stock or GIC! The post 1 Dividend Stock That Could Create $683.87 in Tax-Free Passive Income in 10 Years appeared first on The Motley Fool Canada.

 

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