US stocks closed down, with the Nasdaq down 1.78% and chip stocks generally weakening.

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According to ChainCatcher and Gate.com data, U.S. stocks closed down 1.56% on Thursday, the Dow Jones Industrial Average fell 1.5%, the S&P 500 fell 1.5%, and the Nasdaq Composite fell 1.78%. Occidental Petroleum rose 5%, TSMC and Intel both fell about 5%, Nvidia fell more than 1%, and Apple fell nearly 2%. The Nasdaq China Golden Dragon Index closed down 1%, XPeng Motors rose 3.5%, and Alibaba fell more than 1%.

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