In the early morning of Beijing time on the 28th, the US stock market closed higher on Friday, and the three major stock indexes all gained more than 6% this week. But investors remain skeptical about whether the rally in U.S. stocks can continue. The Fed's favorite April PCE inflation indicator grew 6.3% year-on-year to higher than expected, but showed signs of cooling inflation.

The Dow closed up 575.77 points, or 1.76 percent, at 33,212.96 points; the NASDAQ rose 390.48 points, or 3.33 percent, at 12,131.13 points; and the S&P 500 rose 100.40 points, or 2.47 percent, at 4,158.24 points.

Chinese stocks mostly closed higher on Friday, with the NASDAQ China Golden Dragon index closing up 2.33 percent.

1 Medicine Network rose more than 20%, Pinduoduo rose more than 15%, Yixian E-commerce rose more than 8%, Kingsoft Cloud, New Oxygen, the Ninth City rose more than 7%, Together Education rose nearly 7%, Tiger Securities, Best Group, Lychee, All Things Xinsheng, China Network Carrier Line rose more than 6%, Dingdong Buy Vegetables, Lujin Holdings, BOSS Direct Employment, Manbang, Uxin rose more than 5%, Tuniu rose nearly 5%, Wuxin Technology, Maverick Electric, Xunlei rose more than 4%, Futu Holdings, Dada Group, Weimei Hologram rose nearly 4%, NetEase Youdao, Weilai Automobile, Mingchuang Premium Rose More than 3%, Autohome rose nearly 3%, NetEase, Baidu, Waterdrop Company, Happy Auto rose more than 2%, JD.com, iQiyi, Xiaopeng Automobile, Poqi Pet rose nearly 2%, Bilibili, Vipshop, Renren Company rose more than 1%, New Oriental, Ctrip rose nearly 1%.

Yunmi Technology fell more than 8%, Zhihu, Cheetah Mobile fell more than 6%, Daily Excellent Fresh fell nearly 6%, Mushroom Street, Qutoutiao fell more than 4%, Leju fell more than 3%, Shell, 36Kr, Sohu, Phoenix New Media fell more than 2%, Alibaba, Huanju Group, Douyu fell more than 1%.