On Wednesday Eastern Time, the three major US stock indices collectively closed lower. As of the close, the Dow fell 0.32%, the Nasdaq fell 2.43%, and the S&P 500 index fell 1.43%. On Wednesday, popular Chinese concept stocks generally fell, with the Nasdaq China Golden Dragon Index falling more than 2%. Xiaopeng Automobile fell by over 8%, NIO fell by over 6%, and Ideal Automobile fell by over 2%.