On November 20, 2025, the US stock market closed with mixed performance. The Dow Jones Industrial Average fell by 0.5%, the S&P 500 declined by 0.3%, while the Nasdaq Composite Index rose by 0.2%.

In the sectoral landscape, the US retail sector saw notable gains, with Wal-Mart rising 6.46% after the company raised its annual forecasts and announced plans to move its listing to Nasdaq. This positive development reflects Walmart's strong Q3 earnings and improved full-year outlook.

Conversely, the semiconductor sector experienced significant declines. NVIDIA fell by 2.97% despite strong Q3 earnings and positive outlooks from multiple analysts. The stock's decline was influenced by broader market concerns and profit-taking. Micron Technology also dropped by 10.87% despite UBS raising its price target to $275, reflecting cautious sentiment in the semiconductor sector.

Alphabet saw a decline of 1.03% despite the positive market reaction to the debut of its latest AI model, Gemini 3, which led to a 4% surge in its stock price earlier in the day. The overall market sentiment and profit-taking contributed to the decline.

Palo Alto Networks fell by 7.42% as UBS lowered its price target from $230.00 to $220.00 per share, reflecting a cautious outlook on the stock's near-term performance.