[U.S. stock indexes closed slightly higher. Faraday Future plunged 24% to a new low] U.S. stocks closed on Monday. The three major stock indexes fluctuated and ended higher throughout the day. The Dow initially closed up 0.1% or 40 points, the Nasdaq closed up 0.45%, and the S&P 500 index rose. 0.4%. The Nasdaq China Golden Dragon Index closed down 1.1%, Li Auto (LI.O) fell nearly 10%, leading the decline in constituent stocks, and NIO (NIO.N) closed down narrowed to 2.2%. Faraday Future (FFIE.O) plunged more than 24%, with a total market value of only US$55 million, a record low.
