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As of the market close on December 1, all three major U.S. stock indices finished the day in negative territory. The Dow Jones Industrial Average tumbled 0.9%, the Nasdaq Composite Index dipped 0.38%, and the S&P 500 Index shed 0.53%. Among leading technology stocks, performance was a mixed bag. Nvidia, Apple, and Netflix each rallied more than 1%, while Amazon edged up 0.28%. Conversely, Google, Meta, and Microsoft all saw declines exceeding 1%, and Tesla experienced a marginal drop of just 0.01%. In the realm of popular Chinese concept stocks, the results were similarly varied. Alibaba surged over 4%, Pony.ai and Weibo both climbed more than 3%, Baidu rose over 2%, and Pinduoduo gained more than 1%. On the downside, Nio tumbled more than 5%, and Li Auto, XPeng, and Tiger Brokers each fell over 2%.
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