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On October 20, the performance of the three major U.S. stock indices diverged at the market's close. The Dow Jones Industrial Average edged up by 0.74%, the Nasdaq Composite Index eked out a 0.07% gain, and the S&P 500 Index rose by 0.28%. However, the tech sector, particularly large-cap stocks, faced a downturn. Google and Meta both experienced declines exceeding 1%. Apple's stock fell by 0.51%, while Microsoft and Nvidia saw marginal decreases. On a brighter note, Tesla's shares surged more than 1%, and Amazon witnessed a modest uptick.
Turning to popular Chinese American Depositary Receipts (ADRs), the majority posted gains. XPeng Group's stock soared more than 6%, while Li Auto and NIO both increased by over 1%. Baidu, Pinduoduo, and Alibaba also recorded slight upticks. Conversely, JD.com, NetEase, and Bilibili experienced minor declines.
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