[U.S. Stock Market Closing Review: All Three Major Indexes Decline] All three major U.S. stock indexes closed lower. The S&P 500 fell 1.03%, the Dow Jones Industrial Average dropped 0.77%, and the Nasdaq Composite declined 1.4%. In large-cap tech stocks, AMD fell 1.03%, Amazon dropped 1.06%, Microsoft declined 1.81%, Intel fell 2.00%, ASML dropped 2.09%, Alphabet Class A (Google A) declined 2.17%, NVIDIA fell 2.21%, Tesla dropped 2.61%, Meta declined 2.79%, and SpaceX fell 5.43%. Among Chinese concept stocks, Alibaba fell 2.14%, NIO dropped 2.30%, Pinduoduo declined 2.93%, Trip.com fell 2.97%, XPeng Motors dropped 3.60%, Li Auto declined 3.65%, and Bilibili fell 5.05%.