On November 21, 2024, the US stock market opened with mixed performance. The Dow Jones Industrial Average rose by 0.37%, the NASDAQ increased by 0.55%, and the S&P 500 gained 0.41%.

In sector performance, the Meme sector saw a significant rise of 2.52%, with notable gains in stocks such as GameStop up 1.07% and AMC Entertainment up 1.24%. The Semiconductor sector also performed well, rising by 2.08%, with Taiwan Semiconductor Manufacturing up 0.71% and Advanced Micro Devices up 1.13%. The Bitcoin-related sector saw a rise of 1.64%, with PayPal up 0.50% and Coinbase Global Inc. up 1.41%. Conversely, the Chinese Education sector fell by 2.41%, with TAL Education Group and New Oriental Education & Technology Group both experiencing declines. The E-commerce sector also saw a decline of 2.44%, with Alibaba down 0.06% and JD.com down 1.79%.

NVIDIA Corp rose by 3.32% after multiple investment banks raised their price targets for the company. Barclays increased its target from $145.00 to $160.00, Evercore ISI Group raised it to $190.00 from $189.00, and Wells Fargo raised it to $185.00 from $165.00. Despite a strong Q3 earnings report, Nvidia's guidance did not meet Wall Street's high expectations, but the company's data center business continued to show strong growth.

PDD Holdings Inc fell by 9.77% despite reporting a 44% year-over-year increase in Q3 revenue to 993.5 billion RMB and a 61% increase in net profit to 249.81 billion RMB. The revenue growth was below market expectations, leading to a significant drop in the stock price.

Microsoft saw a slight increase of 0.68% following the announcement of a new government efficiency plan proposed by Elon Musk and Vivek Ramaswamy, which includes reducing regulations and administrative costs.

Amazon.com fell by 0.66% despite positive holiday sales growth expectations from JPMorgan analyst Doug Anmuth, who named Amazon as the firm’s Best Idea. Amazon will also be streaming a live NFL game on Black Friday.

Alphabet declined by 1.79% after facing pressure from the Justice Department to sell off its Chrome browser and restrict preferential access to its search engine. The company also reported better-than-expected earnings but provided cautious revenue guidance for the fourth quarter.

Tesla Motors increased by 0.72% despite a slight decline in premarket trading. The company, a customer of Nvidia, saw its shares affected by Nvidia's cautious revenue guidance.

MicroStrategy surged by 12.91% after the company sold $2.6 billion of convertible bonds to purchase more Bitcoin, benefiting from the recent surge in Bitcoin prices.

Snowflake saw a significant increase of 26.46% after reporting impressive earnings and revenue figures that exceeded expectations. Multiple analysts raised their price targets for the stock, indicating confidence in the company's performance and growth potential.