The US stock market closed higher, with the S&P up 0.39%, setting a new high for the year. The Dow Jones Industrial Average rose 0.43%, and the Nasdaq rose 0.20%; Chip stocks rose generally, with Broadcom up 9% and its stock price reaching a historic high, while Intel and AMD rose by over 4%; Received a $5.8 billion acquisition offer, and Macy's rose nearly 20%; Popular Chinese concept stocks rose generally, with Xiaopeng Motors up nearly 5% and NIO up over 4%.