GigaCloud Q3 Revenues Surge, Mativ Stock Rises After Division Sale

Despite a splashy advance, the Dow's performance is not deemed impressive.

GigaCloud Technology's Q3 revenues rose 39.2% year-over-year to $178.2 million, led by a 58.0% increase in product revenue from Off-platform E-commerce to $46.3 million.
Mativ Inc.'s stock is trading about 14% higher after the company announced the completion of the sale of its Engineered division.
The Dow had a splashy advance that was carried on the evening news, but the advance was not especially impressive.