On May 22, all three major U.S. stock indices ended the trading session on a positive note. The Dow Jones Industrial Average advanced by 0.58%, the Nasdaq Composite Index eked out a 0.19% gain, and the S&P 500 Index rose by 0.37%. The performance of large-cap tech stocks was a mixed bag. Arm surged more than 2%, Tesla and Apple both climbed over 1%, and Meta saw a marginal uptick. Conversely, Nvidia and Google each fell more than 1%, while Netflix, Amazon, and Microsoft experienced slight dips. Among the popular Chinese concept stocks, most ended lower. NIO took a significant hit, plummeting over 7%. JD.com and Pinduoduo both slid more than 3%, Baidu dipped over 2%, and Li Auto, Bilibili, and Alibaba all declined more than 1%. In contrast, NetEase bucked the trend, rising more than 1%.
