The three major U.S. stock indices closed mixed, with SanDisk up over 5%, the Chinese concept stock index up 1.96%, and NIO up over 15%.

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Gelonghui March 11 | U.S. stock market indices close mixed: Dow down 0.07%, Nasdaq up 0.01%, S&P 500 down 0.21%. Nvidia up 1.16%, Meta up 1.03%, Amazon, Apple, Google A, Tesla up to 0.39%, Microsoft down 0.89%.

Optical communication concept stocks surged, AAOI up nearly 9%, Lumentum up over 4%; storage concept stocks rose, SanDisk up over 5%, Micron Technology up over 3%, Western Digital up over 1%. Paramount’s “Dancing with the Stars” fell over 7%, hitting a near two-week low.

Nasdaq China Golden Dragon Index closed up 1.96%. Among popular Chinese concept stocks, NIO rose over 15%, Century Internet rose 13.5%, Wenyuan Zhi Xing rose 7.2%, Tencent rose 10%, Alibaba rose 3.1%, Baidu rose 2.4%, Xpeng rose 2.2%, Meituan fell 1.5%, BYD fell 1.5%.

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