(Yicai Global) Dec. 28 -- US stock markets reversed their pre-Xmas bearish declines yesterday as investors came back from the holidays that involved record-breaking retail sales and bought their way to uplift major US bourse indexes. 

The Dow Jones Industrial Average dipped wildly during the day but finally edged up to close 1.1 percent higher, at 23,138.82 points. The S&P 500 Index finished the day 0.86 percent up at 2,488.83. The Nasdaq Composite climbed 0.4 percent to 6,579.49. 

US retail sales rose 5.1 percent to USD850 million during the period from Nov. 1 to Dec. 24, which was the strongest growth in six years, according to credit card tracker Mastercard SpendingPulse.

US-listed Chinese firms also took part in the vacay cheer. Video and e-commerce platform Mogu [NYSE:MOGU] jumped to close 29.5 percent up, which was its peak on record since trading started on Dec. 6. Tencent Music Entertainment Group [ NYSE: TME], which owns streaming platforms such as QQ Music and Kugou, jumped 8.25 percent. 

E-commerce giant JD.Com [NASDAQ: JD] was also among the gainers, while rising 2.84 percent after the Beijing-based company announced it will split into three business units. 

At the tail end, Chinese game maker NetEase [NASDAQ: NTES] was up 1.2 percent. Tech giant Alibaba Group Holding [NYSE: BABA] crawled 0.3 percent up. Microblogging firm Sina Weibo [NASDAQ: WB] closed 2.01 percent down and video streamer iQiyi [NASDAQ: IQ] fell 1.2 percent. 

This year, a record-breaking number of 33 Chinese companies have listed on the New York Stock Exchange and Nasdaq, with a total sum of USD9 billion raised in initial public offerings. The move speaks for this year's large wipeout in Chinese bourses, partly spurred by a trade dispute with the US, which has forced the country to give up its position as the second-biggest stock market to Japan earlier this year. 

Major European bourses, which opened yesterday after the Christmas break, started the day aspirant of high gains but closed lower. The STOXX Europe 600, involving a mixture of large European firms, fell 1.7 percent to 329.54 points. British FTSE 100 Index slid 1.50 percent to 6,585.91. In Germany, the blue-chip DAX 30 dropped 2.37 percent to 10,381.51 points, down 24 percent from this year's peak. France's CAC 40 shed 0.60 percent to 4,598.61.

Editor: Emmi Laine