In the early morning of the 25th Beijing time, US stocks closed higher on Thursday, led by the chip sector. The number of applicants in the United States hit a 53-year low last week, boosting confidence in the economic recovery. Biden visited Europe to coordinate with the Group of Seven and the European Union on food and energy security and called for Russia to be expelled from the G20. The United States has announced new sanctions against Russia.

The Dow rose 349.44 points, or 1.02%, to 34707.94; the Nasdaq rose 269.23, or 1.93%, to 14191.84; and the S & P 500 rose 63.92, or 1.43%, to 4520.16.

The Labor Department reported Thursday that initial jobless claims fell 28000 to 187000 in the week ended March 19, the lowest level since 1969.

U.S. president Joe Biden arrived in Brussels on Thursday for a NATO summit. Biden said he coordinated with the G7 and the European Union on food and energy security. The United States has worked with the European Union and the Group of Seven to impose sanctions on more than 400 Russian individuals and entities, the White House website said in a statement on Thursday.

NVIDIA Corp, the champion of US stock turnover, closed up 9.8% on Thursday, the biggest one-day gain since November 2021, with a turnover of $24.159 billion.NVIDIA Corp CEO Huang Renxun said on Wednesday that NVIDIA Corp wants to own Arm, a chip intellectual property company, but this is not a necessary condition for NVIDIA Corp's success. Huang Renxun also said that NVIDIA Corp will be interested in using Intel Corp as a contract factory, which is based on the existing cooperative relationship between the two sides.

The possible partner of NVIDIA Corp mentioned by Huang RenxunIntel Corp ranked 11th in today's US stock turnover, closing 6.9% higher with a turnover of US $2.626 billion.

In second place, Tesla, Inc. closed 1.5% higher, with shares closing above $1000 for the first time since January 18, with a turnover of $23.158 billion.Car rental giant Hertz has added Tesla, Inc. Model Y to its fleet of electric vehicles, according to its website on Thursday. It is worth mentioning that a few months ago, Hertz announced the purchase of 100000 electric vehicles, mainly Model 3 models, from Tesla, Inc..

It is unclear whether Model Y will be part of the target of adding 100000 electric vehicles or whether it will be a supplement to the Model 3 order, which Hertz has not disclosed.

In third place, Apple Inc earned 2.3% higher, with a transaction of US $15.529 billion.Apple Inc is developing a subscription service for iPhone and other hardware products, a move that could make device ownership similar to paying an application fee a month, according to people familiar with the matter. The service will be the biggest boost for Apple Inc to achieve automatic repeat sales, allowing users to subscribe to hardware for the first time-not just digital services. But people familiar with the matter say the project is still under development. People familiar with the matter spoke on condition of anonymity because the plan has not yet been announced.

The fourth place AMD closed 5.8% higher, with a transaction of US $14.408 billion.Today, US chip stocks have become the market leader.

In seventh place, Meta Platforms closed 2.9% higher, with a turnover of $6.871 billion.The company's idea of building a data center in the Netherlands was opposed by the Dutch Senate on Wednesday, and Dutch environmentalists also believe that the Netherlands's green power is limited and should not be occupied by multinationals. On Thursday, Meta Platforms announced that it would spend $800m to build a data center near Kansas City airport.

Adobe Inc, 13th, closed 2.2% higher, slightly recovering the previous day's decline, with a turnover of US $2.375 billion.The stock closed down 9.3% on Wednesday as it said its revenue would be hit by the suspension of sales in Russia.

Three Chinese-listed stocks were among the top 20 in today's US stock turnover, while BABA, the eighth, closed down 1.8% to US $6.338 billion. Pinduoduo, 15th, closed down 9%, with a turnover of US $1.973 billion. The 16th NIO Inc. car closed 0.5% higher, with a turnover of US $2.081 billion.

The following are the 20 most actively traded stocks of the day (by turnover):