The three major U.S. stock indexes closed mixed, with the Nasdaq China Golden Dragon Index closing up 2.77%
The three major U.S. stock indexes closed mixed, with the Nasdaq up 0.18%, the Dow down 0.98%, and the S&P 500 down 0.4%. Chip stocks rose, with Nvidia up more than 4%, TSMC up more than 3%, and the Philadelphia Semiconductor Index up 1.27%. Most bank stocks fell, with BlackRock and Wells Fargo down more than 5%, but Citigroup's stock price rose 3.7%, closing at its highest level since 2008. Most popular Chinese stocks rose, with the Nasdaq China Golden Dragon Index closing up 2.77%. Baidu and Alibaba rose more than 8%, Bilibili rose more than 7%, JD.com rose more than 4%, and Pinduoduo and NetEase rose more than 2%.