On Friday Eastern Time, the three major US stock indices collectively closed down, with the Nasdaq down 2.24% and a cumulative decline of 3.15% for the week; The S&P 500 index fell 1.32%, with a cumulative decline of 2.08% this week; The Dow Jones Industrial Average fell 0.7%, with a cumulative drop of 1.24% this week. Most popular Chinese concept stocks rose on Friday. The Nasdaq China Golden Dragon Index (HXC) closed up 0.82%. JD.com has risen nearly 5%.