The S&P 500 (^GSPC) opened lower on Tuesday, driven by a decline in technology stocks and concerns about when the Federal Reserve will begin cutting interest rates. However, things are different for Bitcoin (BTC-USD) as the cryptocurrency has hit a new all-time high.
Alibaba (BABA) shares are on the move. According to a report by Bloomberg, the Chinese internet giant is one of the companies investing in Chinese AI startup MiniMax.
Stitch Fix (SFIX) shares are trading lower after posting a larger-than-expected loss in the second quarter. The online styling company also lowered its full-year revenue forecast.
AT&T (T) received an upgrade to Outperform from Peer Perform at Wolfe Research, citing the telecom company's fundamentals and the fact that it is deleveraging and becoming more efficient.
SoFi Technologies (SOFI) shares fall sharply after announcing a new bond offering.
Yahoo Finance's Brad Smith and Seana Smith break down some of Tuesday's hot tickers.
For more expert insights and the latest market activity, click here to watch this full episode of Yahoo Finance Live.
Editor's Note: This article was written by Stephanie Mikulich.
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