Stock Market Update

[BRIEFING.COM] The major averages remain little changed from previous levels, holding on to solid early gains amid a relatively quiet day of headlines. 

Alibaba (BABA 159.26, +6.33, +4.14%) is trading higher after the company announced that its newly relaunched Qwen app, formerly called Tongyi, has surpassed 10 million downloads in just one week of public beta. The free app is available in China via mobile and web, with an international version coming soon, and BABA plans to integrate agentic-AI features to support shopping and personalization across platforms like Taobao.

Meanwhile, Kohl's (KSS 15.98, +0.28, +1.75%) holds a solid gain after its Board of Directors has unanimously appointed Michael J. Bender as Chief Executive Officer, effective November 23, 2025. Mr. Bender has served as Interim Chief Executive Officer since May 1, 2025.