U.S. stock market closing: Chinese concept stocks surged, with a 6% increase in the index reaching a new high for the year.

On May 3, the U.S. stock market closed on Thursday, with the Dow preliminary closing up 320 points or 0.85%, the S&P 500 index rose 0.9%, and the Nasdaq rose 1.5%. Nvidia (NVDA.O) rose more than 3%, Apple (AAPL.O) rose 2%. Most Chinese concept stocks rose, with the Nasdaq Golden Dragon Index rising 6%, reaching a new high for the year's closing. Alibaba (BABA.N) rose 6%, Xpeng (XPEV.N) rose nearly 16%, Bilibili (BILI.O) rose over 15%, and JD.com (JD.O) rose 11%. The Hang Seng Index entered a technical bull market yesterday.