On Wednesday Eastern Time, the three major US stock indices collectively closed lower, with the Nasdaq hitting a historic high during trading. As of the close, the Dow Jones Industrial Average fell 0.22%, the Nasdaq fell 0.56%, and the S&P 500 index fell 0.33%. Most popular Chinese concept stocks fell on Wednesday. The Nasdaq China Golden Dragon Index (HXC) closed down 0.96%. Alibaba fell more than 1%.