US stocks close: Nasdaq hits new highs for four consecutive days, Nvidia falls nearly 2% after rare downgrade

On July 6, the U.S. stock market closed on Friday. The Dow index initially closed up 0.17%, the S & P 500 index rose 0.54%, and the Nasdaq index rose 0.9%, setting a new high for four consecutive days. Nvidia (NVDA. O) fell 1.9%, and New Street analysts downgraded its rating from buy to neutral. Meta Platforms (META. O) rose 5.8%, its shares hit a record high. Tesla (TSLA. O) rose 2%, the latest round of gains erased all losses for the year. NIU (NIU. O) rose 4.6%, NIO (NIO. N) fell 5.1%, XPeng Motors (XPEV. N) fell 4.8% and Li Auto (LI. O) fell 1.2%.