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%.