U.S. stocks closed with the Dow Jones Industrial Average up 1.62%, the S&P 500 up 1.02%, and the Nasdaq Composite up 0.89%. Alphabet (GOOG.O) closed up 9.95%, hitting a record high; Qualcomm (QCOM.O) rose over 15%. The Nasdaq China Golden Dragon Index rose 2.1%, and Alibaba (BABA.N) rose over 1%.