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Dingdong Grocery, ahead of its listing, surged by over 9%, with Meituan planning to acquire the company for $717 million; stocks in the optical communications sector continued to rise, with Lumentum rising over 4%, Ciena and Astera Labs rising over 2%; SNAP rose over 5% as its Q4 revenue exceeded expectations; Baidu rose nearly 4% and announced a dividend plus a $5 billion share buyback plan.
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