HaiKhuu Weekly Recap & Analysis
May 19 - May 23, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
The European Union is preparing a trade proposal from the United States
The government will stop putting new pennies into circulation by early next year
Visa and Mastercard fees are under fresh scrutiny from European Union antitrust enforces
Major Indices’ Weekly Movement:
S&P 500: -1.53%
Nasdaq: -1.03%
Dow Jones: -1.69%
Monday, May 19
Stock Related News:
Netflix announced a deal to start broadcasting new ‘Sesame Street’ episodes starting with the 56th season
General Motors told employees today it plans to stop exporting cars from the United States to China
Waffle House adds fast EV charging to its 24/7 diners
Apple will open new AI models to developers in bid to spur new apps
Pfizer has licensed a new Chinese cancer drug for $1.25 billion
Economic News:
Leading Economic Indicators:
(Previous -0.8%, Actual -1.0%)
Major Indices:
S&P 500: +0.11%
Nasdaq: +0.10%
Dow Jones: +0.35%
Tuesday, May 20
Stock Related News:
Tesla CEO Elon Musk just said the company is in talks with major automarkers to license Full Self Driving
Ford Motor is pulling back more on its Electric Vehicle ambitions, by letting rival Nissan use part of its flagship U.S. battery plant
Elon Musk said that Artificial Intelligence development could run into power generation problems as early as the middle of the year
Nvidia CEO Jensen Huang said US export controls limiting the sale of advanced chips to China have been a failure
Economic News:
No Economic News
Major Indices:
S&P 500: -0.34%
Nasdaq: -0.33%
Dow Jones: -0.25%
Wednesday, May 21
Stock Related News:
The European Union is preparing a trade proposal from the United States
Amazon CEO says tariffs haven’t dented consumer spending
Walmart plans to cut around 1,500 jobs in a restructuring aimed at trimming its expenses and speeding up decision-making
Economic News:
No Economic News
Major Indices:
S&P 500: -1.69%
Nasdaq: -1.39%
Dow Jones: -1.93%
Thursday, May 22
Stock Related News:
Novo Nordisk is selling its weight-loss drug Wegovy to new patients starting at $199 a month
The government will stop putting new pennies into circulation by early next year
Apple deivces will power Emory Hillandale Hospital in Georgia, the first hospital to use Apple Products as it continues to push into the health-care sector
JPMorgan will lend more than $7 billion for OpenAI data center in Abilene, Texas
Apple aims to debut smart glasses by end of ‘26 prototypes to be produced in large quantities this year
The FTC has ended its attempt to block Microsoft’s $68.7 billion acquisition of Activision Blizzard, withdrawing its complaint after losing an appeal to stop the deal
Economic News:
Initial Jobless Claims:
(Previous 229k, Actual 227k)
Services PMI:
(Previous 50.8, Actual 52.3)
Manufacturing PMI:
(Previous 50.2, Actual 52.3)
Existing Home Sales:
(Previous 4.02M, Actual 4.0M)
Major Indices:
S&P 500: +0.04%
Nasdaq: +0.19%
Dow Jones: +0.02%
Friday, May 23
Stock Related News:
President Trump just said he’s recommending a “straight 50% Tariff on the European Union” starting on June 1st
U.S. Treasury Secretary Bessent:
Trump believes EU proposals have not been of good quality, move in response to EU’s pace on tariffs
90-day pause on April 2 was based on good-faith talks
We will be negotiating again in person with China
Visa and Mastercard fees are under fresh scrutiny from European Union antitrust enforces
Oracle to buy $40 billion of Nvidia chips for an OpenAI U.S. data center
Economic News:
New Home Sales:
(Previous 670k, Actual 743k)
Major Indices:
S&P 500: -0.68%
Nasdaq: -0.93%
Dow Jones: -0.59%
