
The three major U.S. stock indices all rose over 1%
The S&P 500 Index rose over 1%, with the telecommunications sector up 1.9%, and the technology, financial, and materials sectors rising over 1%.
The Dow Jones Industrial Average rose by 480 points, an increase of about 1.1%, the Nasdaq rose by 267 points, an increase of 1.2%, the semiconductor index rose over 2.6%, the banking index rose 2.4%, and the Russell 2000 index rose over 2.4%.
The Nasdaq Golden Dragon China Index rose over 1.6%. Among popular Chinese concept stocks, Xiaomi rose 4.1%, PDD rose 3.7%, Alibaba rose 3%, JD.com and Baidu rose at least 2.3%, Xiaoma Zhixing fell 2.9%, XPeng fell 6.1%, and Nio fell 8.6%