On Wednesday Eastern Time, the three major US stock indexes collectively closed lower. As of the close, the three major US stock indexes collectively closed lower, with the Nasdaq down 1.5%, the S&P 500 down 1.47%, and the Dow down 1.27%. The Nasdaq and Dow ended their nine consecutive gains. Most popular Chinese concept stocks fell on Wednesday, with the Nasdaq Golden Dragon Index falling 3.08%. Gaotu fell more than 12%, while NIO fell more than 10%.