On November 11, 2024, the US stock market opened higher. The Dow Jones Industrial Average rose by 0.56%, the NASDAQ increased by 0.33%, and the S&P 500 gained 0.32%.

In sector performance, the New Energy Vehicle sector saw significant gains, with Tesla Motors rising 6.69%. The Bitcoin Concept sector also performed well, with Coinbase Global Inc. surging 9.38%.

Tesla Motors saw its stock price continue to rise, marking a 32% increase over the past four trading days and reaching a two-and-a-half-year high. The stock's surge was driven by several factors, including hedge fund short losses, Wall Street's divided opinions, and significant purchases by South Korean retail investors. Additionally, Tesla's market cap surpassed $1 trillion for the first time since April 2022, and the company is set to push new features in its FSD software by the end of November.

Coinbase Global Inc. experienced a significant gain of 9.38% as Bitcoin traded above $80,000. The rise in digital asset prices benefits platforms like Coinbase, which can generate more revenue from trading fees. Additionally, Donald Trump's election win and his promises to establish a strategic Bitcoin reserve and replace the SEC Chair with a more crypto-friendly figure have further boosted investor confidence in the crypto industry.

NVIDIA Corp saw a slight increase of 0.19%. Despite skepticism from UK fund manager Terry Smith regarding Nvidia's predictable revenue streams and long-term high capital returns, Piper Sandler and Morgan Stanley raised their price targets for Nvidia shares, maintaining an overweight rating.

Microsoft rose by 0.25% after Banco de Crédito del Perú partnered with Microsoft and Kyndryl to modernize its IT infrastructure with a $650M investment in hybrid cloud on Azure, aiming to enhance digital customer experience and cybersecurity.

Amazon.com increased by 0.17% as the company is developing smart glasses codenamed "Amelia" to provide navigation and route suggestions for logistics drivers, aiming to shorten delivery times.

Alibaba gained 2.37% after repurchasing approximately 1.692 million shares for about $19.98 million on November 8. The market is also anticipating the release of Alibaba and Tencent's Q3 earnings reports.

XPeng Inc. rose by 4.90% after announcing the launch of the industry's first chip upgrade crowdfunding campaign, which will run from November 11 to December 12, 2024.

Dell Technologies Inc. saw a 3.32% increase as Morgan Stanley maintained an overweight rating and raised the price target from $136.00 to $154.00 per share.

MicroStrategy surged by 10.01% following the continuous rise in Bitcoin prices, driven by Donald Trump's election win and his supportive policies towards Bitcoin.