On Wednesday Eastern Time, the three major US stock indices collectively closed lower. As of the close, the Dow fell 0.98%, the Nasdaq fell 1.62%, and the S&P 500 index fell 1.34%. On Wednesday, popular Chinese concept stocks generally fell, with the Nasdaq Golden Dragon Index falling 2.20%. New energy vehicle concept stocks all fell. Xiaopeng Automobile fell by over 10%, NIO fell by over 7%, and Ideal Automobile fell by nearly 2%.