HaiKhuu Weekly Recap & Analysis
March 3 - March 7, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
The Nasdaq exchange is planning to offer 24-hour trading on its stock exchange
Discord is in talks about going public through an IPO
President Trump:
No room left for deal on tariffs on Mexico and Canada before midnight
I don’t think China will retaliate too much, further China tariff depends on retaliation
Jerome Powell:
‘Uncertainty around Trump administration policies and their economic effects remains high’
‘Fed does not need to be in a hurry to adjust interest rates’
Major Indices’ Weekly Movement:
S&P 500: -3.36%
Nasdaq: -3.84%
Dow Jones: -2.55%
Monday, March 3
Stock Related News:
Nvidia and Broadcom testing chips on Intel manufacturing process
Honda considers moving Civic Production to Indiana from Mexico
Youtube is planning a new attempt at adding outside video services to its main app
Taiwan Semiconductor is planning to invest $100 Billion in chip manufacturing plants in the U.S. over the next 4 years
Google is adding new features to its Gemini AI including the ability to use live video and screensharing to show the AI what you’re seeing
Anthropic closed its $3.5B funding round valuing the company at $61.5B
SEC dangles $50,000 incentive for employees to resign or retire
Apple’s IOS 18.4 update adds visual intelligence to iPhone 15 Pro
President Trump:
No room left for deal on tariffs on Mexico and Canada before midnight
I don’t think China will retaliate too much, further China tariff depends on retaliation
Walgreens is closing in on a deal with private-equity firm Sycamore Partners that would take it off the public market for around $10 Billion
Economic News:
Manufacturing PMI:
(Previous 51.6, Actual 52.7)
Construction Spending:
(Previous 0.5%, Actual -0.2%)
ISM Manufacturing:
(Previous 50.9%, Actual 50.3%)
Major Indices:
S&P 500: -1.75%
Nasdaq: -2.19%
Dow Jones: -1.43%
Tuesday, March 4
Stock Related News:
Target warned of price hikes in the ‘coming days’ due to tariffs
Treasury Secretary Scott Bessent just said:
‘We’re set on bringing interest rates down’
President Trump threatened reciprocal tariff hike on Canada if retaliatory tariffs are applied
Google urges Trump DOJ to reverse course on breaking up company
The IRS is reportedly drafting plans to cut as much as half of outs 90,000-person workforce
Economic News:
No Economic News
Major Indices:
S&P 500: -1.18%
Nasdaq: -0.30%
Dow Jones: -1.51%
Wednesday, March 5
Stock Related News:
Novo Nordisk said it will offer its weight loss drug Wegovy for less than half of its usual price per month through a new direct-to-consumer online pharmacy
Youtube has brought its cheaper $7.99 per month ‘premium lite’ subscription to the U.S.
OpenAI reportedly plans to charge up to $20,000 a month for specialized AI ‘agents’
The US Commerce Department is planning to name former Morgan Stanley banker Michael Grimes as the lead of the planned Sovereign Wealth Fund
Discord is in talks about going public through an IPO
Economic News:
ADP Employment:
(Previous 186k, Actual 77k)
Services PMI:
(Previous 49.7, Actual 51%)
Factory Orders:
(Previous -0.6%, Actual 1.7%)
Major Indices:
S&P 500: +1.07%
Nasdaq: +1.30%
Dow Jones: +1.15%
Thursday, March 6
Stock Related News:
Job cuts in February hit highest monthly total since July 2020
President Trump delays tariffs on USMCA goods until April 2nd with Mexico and Canada
Meta is targeting ‘hundreds of millions’ of businesses in agent AI deployment
OpenAI and Oracle plan to begin filling a massive new data center with tens of thousands of Nvidia chips in the coming months, part of a push to get the first facility for Stargate
President Trump is considering an executive order to create Bitcoin reserve
Economic News:
Initial Jobless Claims:
(Previous 242k, Actual 221k)
Trade Deficit:
(Previous -$98.1B, Actual $131.4B)
Wholesale Inventories:
(Previous -0.4%, Actual 0.8%)
Major Indices:
S&P 500: -1.78%
Nasdaq: -2.75%
Dow Jones: -1.06%
Friday, March 7
Stock Related News:
Palantir has delivered its first 2 Titan mobile battle stations to the Army
The Nasdaq exchange is planning to offer 24-hour trading on its stock exchange
Federal Government employment declined by 10,00 in February
Microsoft wants independence from OpenAI and is testing models from Meta, xAI, and others to power its Copilot
United Airlines just officially added SpaceX owned Starlink wi-fi to its first plane with the rest of its fleet to follow
Jerome Powell:
‘Uncertainty around Trump administration policies and their economic effects remains high’
‘Fed does not need to be in a hurry to adjust interest rates’
Economic News:
Job Reports:
(Previous 125k, Actual 151k)
Unemployment Rate:
(Previous 4%, Actual 4.1%)
Hourly Wages:
(Previous 0.5%, Actual 0.3%)
Major Indices:
S&P 500: +0.56%
Nasdaq: +0.74%
Dow Jones: +0.55%
