On Thursday, November 21, 2024, the US stock markets closed with mixed results. The Dow Jones Industrial Average rose by 1.06%, the NASDAQ Composite edged up by 0.03%, and the S&P 500 increased by 0.53%.

In sector performance, meme stocks surged by 8.27%, with notable gains in GameStop and AMC Entertainment. Charging station stocks also performed well, rising by 4.40%, led by ChargePoint Holdings Inc. and EVgo Inc.. Cybersecurity stocks saw a 2.34% increase, with CrowdStrike Holdings Inc. and Palo Alto Networks among the top performers. Conversely, e-commerce stocks fell by 2.46%, with Alibaba Group and JD.com experiencing significant declines. Fuel cell stocks dropped by 2.90%, with Plug Power Inc. and Ballard Power Systems leading the losses.

NVIDIA Corp saw a 0.53% increase after several analysts raised their price targets, indicating a positive outlook on the company's performance. However, the stock experienced significant intraday volatility, initially rising by about 5% before falling by 3%.

Amazon.com fell by 2.22% amid news that the European Union antitrust regulators are likely to investigate the company next year under the Digital Markets Act. If found guilty, Amazon could face a fine of up to 10% of its global annual turnover.

Alphabet and Alphabet both dropped by 4.56% and 4.74%, respectively, after the U.S. Department of Justice proposed a breakup of Google's search business, urging the sale of the Chrome browser and changes to Android software. This selloff is the biggest in 10 months for Alphabet.

PDD Holdings Inc plunged by 10.64% after the company reported its third-quarter earnings, which showed a 44% year-over-year increase in revenue to 99.35 billion yuan but failed to meet market expectations. The company has been implementing various support measures and increasing investments in ecosystem construction.

MicroStrategy experienced a significant drop of 16.16% after Citron Research disclosed a short position in the company, despite still being bullish on Bitcoin.

Snowflake soared by 32.71% after multiple analysts raised their price targets, reflecting a positive outlook on the company's performance.