On Thursday Eastern Time, the three major US stock indexes collectively closed lower. As of the close, the Dow Jones Industrial Average fell 0.86%, the Nasdaq fell 1.08%, and the S&P 500 index fell 0.60%. Most popular Chinese concept stocks rose on Thursday, with the Nasdaq China Golden Dragon Index (HXC) closing 1.37% higher. NIO rose over 9%, Xiaopeng Motors rose over 5%, and Ideal Motors rose over 2%.