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vantagefeed.com > Blog > Business > 5 things to know before the stock market opens on Thursday, November 21st
5 things to know before the stock market opens on Thursday, November 21st
Business

5 things to know before the stock market opens on Thursday, November 21st

Vantage Feed
Last updated: November 21, 2024 12:18 pm
Vantage Feed Published November 21, 2024
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Here are five important things investors need to know to start their trading day.

1. Market Me Raise

2. Nvidia wins and loses

Nvidia Corp. co-founder and CEO Jensen Huang holds up the company’s data center AI accelerator chip at the Nvidia AI Summit Japan in Tokyo, Wednesday, November 13, 2024. I gave a lecture.

Akio Kon | Bloomberg | Getty Images

Nvidia Revenue nearly doubled in the third quarter and was up 94% on an annual basis. Nevertheless, this is a slowdown for the chip maker, which posted sales growth of 122%, 262% and 265%, respectively, in the past three quarters thanks to demand for artificial intelligence chips. The company reported higher-than-expected sales and profits for the current fiscal year, and also announced higher-than-expected forecasts for the fourth quarter. Nvidia stock fell about 3% in premarket trading on Thursday following the news.

3. Chrome standard

Justice Department antitrust officials have decided to ask a judge to force Alphabet Inc.’s Google to sell its Chrome browser, in a historic crackdown on the world’s biggest tech companies.

Gabby Jones Bloomberg | Getty Images

The Department of Justice is promoting google Selling the Chrome browser to create a more level playing field with other search competitors. The move follows an August ruling in which a US judge ruled that Google has a monopoly in the search market. Chrome provides data to companies that they use to sell targeted ads to consumers. The Justice Department also said Google should be prevented from prioritizing its search service over other products.

4. Adani will be indicted

Indian billionaire Gautam Adani speaks at the inauguration ceremony after Adani Group completed its purchase of Haifa Port in early January 2023, at the Port of Haifa, Israel, January 31, 2023.

Amir Cohen | Reuters

billionaire businessman Gautam Adani has been indicted in New York on charges of a multibillion-dollar fraud scheme, authorities announced Wednesday. Mr. Adani is the chairman of India’s Adani Group and one of the richest people in the world. He, along with seven others, is accused of paying more than $250 million in bribes to the Indian government to win solar energy supply contracts. The indictment accused the defendants of misleading U.S. investors who were seeking money to finance solar energy contracts. After the indictment, the stock prices of Adani group companies plummeted.

5. Mac Value

A McDonald’s restaurant photographed on October 23, 2024 in Omaha, Nebraska.

Tama Mario | Getty Images

This value trend will persist until 2025. After emphasizing lower-priced options in 2024, McDonald’s is working on a new “McValue” approach for next year. The plan would keep the $5 worth of meal deals the restaurant chain rolled out this summer on menus for the first six months of this year. According to CNBC’s Kate Rogers, a $1 “buy one, get one” option will also be launched. Carriers are still voting on the 2025 value option, which is likely to pass, two people said.

—CNBC’s Samantha Subin, Kif Lethwing, Ryan Braun, Jennifer Elias, Dan Mangan, Li Yingshan, April Roach and Kate Rogers contributed to this report.

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