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On Friday Eastern Time, the three major US stock indices collectively closed higher. As of the close, the Dow Jones Industrial Average rose 1.64%, recording four consecutive weekly gains, the S&P 500 index rose 1.11%, and the Nasdaq rose 1.03%. Most popular Chinese concept stocks rose on Friday, with the Nasdaq China Golden Dragon Index (HXC) closing up 1.22%. New Oriental rose by over 4%.
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