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On May 16, trading concluded with all three major U.S. stock indices posting gains. The Dow Jones Industrial Average advanced 0.78%, the Nasdaq Composite climbed 0.52%, and the S&P 500 increased by 0.7%. Among the large-cap technology stocks, a significant majority recorded gains, with notable surges from Tesla and Arm, both up over 2%. Google and Netflix also gained momentum, rising more than 1%, while NVIDIA, Microsoft, and Amazon registered modest increases. Conversely, Meta and Apple saw slight declines. The performance of popular Chinese stocks traded in the U.S. was mixed. Bilibili surged more than 6%, NIO climbed over 2%, and Tencent Music increased by more than 1%. Additionally, Li Auto, Weibo, iQIYI, XPeng Motors, and Baidu all recorded slight gains. However, JD.com and NetEase fell by more than 2%, and Alibaba and Pinduoduo experienced minor declines.
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