U.S. stocks closed: The three major stock indexes collectively closed higher, and the China Concept Stock Index rose 1.6%.

U.S. stocks closed Thursday, with the Dow initially closing up 330 points, or 0.85 percent, the S & P 500 up 0.5 percent and the Nasdaq up 0.27 percent. Roblox (RBLX. N) fell more than 22 percent, Tesla (TSLA. O) and NVDA (NVDA. O) both fell more than 1.5 percent. The Nasdaq China Jinlong index rose 1.64 percent, Zaiding Pharmaceutical (ZLAB. O) rose 26 percent, XPeng Motors (XPEV. N) rose more than 3 percent, and Alibaba (BABA. N) rose more than 1 percent.