U.S. stocks closed higher on Wednesday, November 5, with the Dow initially surging 3%, the S&P 500 gaining 1.58%, and the Nasdaq rising 1.44%. Among individual stocks, Trump Media & Technology Group plunged 24%, while SpaceX and Tesla each fell more than 3%. SK Hynix dropped 5%, Micron Technology declined 7%, and Nvidia slid 3%. On the upside, Apple climbed 5%, Amazon rose 6%, and Microsoft gained 6.6%. The Nasdaq Golden Dragon China Index closed up 3.48%, with Alibaba rising 5%.