The US stock market closed higher, with the Dow Jones up 0.87%, the Nasdaq up 1.26%, and the S&P up 1.03%; Large technology stocks collectively rose, with Micron Technology up over 8%, ARM up over 4%, and Tesla up nearly 3%; Popular Chinese concept stocks rose generally, with Baidu and JD.com rising nearly 6%; The second quarter revenue was lower than expected, and it is expected that the revenue in the second half of the fiscal year will be even weaker. Nike experienced a drop of over 9% after market hours.