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U.S. stocks closed lower,
The Nasdaq fell 2%.
S & P fell 1.44%,
The Dow fell 1.03%.
Most Chinese concept stocks rose,
Nasdaq China Golden Dragon Index up 1.3%

The three major U.S. stock indexes performed well in the early stage. The Dow Jones index rose more than 450 points after the opening of the market, reaching a high of 33,987 points. Earlier, it reported 33,852 points, an increase of 316 points, or 0.94%. The Nasdaq index closed at 11,432 points, up 235 points, or 2.1%. The Standard & Poor's 500 Index returned to the 4,000-point level and earlier reported 4,012 points, up 55 points, or 1.4%. Both the month-on-month and year-on-year increases in upstream producer prices in the United States were lower than expected last month, reflecting that inflationary pressures have begun to ease. In addition, the U.S. dollar index once fell below the 106 level, as low as 105.3, a drop of nearly 1.6%.