[U.S. Stock Market Close: Major Indexes End Higher, Qualcomm Surges Over 11%] Jin10 News, May 23 – U.S. stocks closed higher on Friday, with the Dow Jones Industrial Average preliminarily up 0.58%, the S&P 500 Index up 0.37%, and the Nasdaq Composite Index up 0.19%. Qualcomm (QCOM.O) surged 11.6%, leading the AI chip sector, while AMD (AMD.O) rose nearly 4%. The Nasdaq Golden Dragon China Index fell 2.2%, with NIO Inc. (NIO.N) dropping over 7% and Baidu (BIDU.O) down 2.58%.