HaiKhuu Weekly Recap & Analysis
May 26 - May 30, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
FOMC Minutes:
Officials said Fed could face difficult tradeoffs if inflation persits while labor market weakens
Almost all participants commented on the risk that inflation could prove more persistent than expected
The Court of International Trade ruled that President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs
Trump Administration has filed to appeal the court ruling blocking ‘liberation day’ tariffs
United States Appeals Court reinstates President Trump tariffs during appeal
Major Indices’ Weekly Movement:
S&P 500: +2.35%
Nasdaq: +2.58%
Dow Jones: +2.15%
Monday, May 26
Stock Related News:
Markets Closed - Memorial Day
Tuesday, May 27
Stock Related News:
White House Economic Adviser Hasset:
We will see a few more trade deals, probably even this week
India among deals close to the finish line
Trump Media announces a $2.5 billion bitcoin treasury deal
Stablecoin issuer circle kicks off its IPO process, targeting a nearly $6 billion valuation
Elon Musk owned neuralink reportedly secured $600M in funding, valuing the company at $9 billion
Economic News:
Durable-Goods Orders:
(Previous 7.6%, Actual -6.3%)
Consumer Confidence:
(Previous 85.7, Actual 98)
Major Indices:
S&P 500: +2.08%
Nasdaq: +2.35%
Dow Jones: +1.81%
Wednesday, May 28
Stock Related News:
AI startup anthropic appoints Netflix chairman Reed Hastings to its board of directors
FOMC Minutes:
Officials said Fed could face difficult tradeoffs if inflation persits while labor market weakens
Almost all participants commented on the risk that inflation could prove more persistent than expected
Apple’s successor to IOS 18 software will be called ‘IOS 26’
Tesla said to target robotaxi launch in Austin on June 12th
The Court of International Trade ruled that President Trump does not have the authority under economic emergency legislation to impose sweeping global tariffs
Trump Administration has filed to appeal the court ruling blocking ‘liberation day’ tariffs
Economic News:
No Economic News
Major Indices:
S&P 500: -0.58%
Nasdaq: -0.44%
Dow Jones: -0.57%
Thursday, May 29
Stock Related News:
White House Economic Adviser Hasset:
Judges’ decision on tariffs will be overturned, confident success of tariff ruling appeal
Still expects more trade deals in coming weeks, three trade deals basically done
Fed’s Goolsbee said:
This is a stagflationary direction, but it’s not stagflation
If tariffs are avoided, could return to situation where interest rates come down'
Youtube will soon let viewers use Google Lens to search what they see while watching Shorts
United States appeals court reinstates President Trump tariffs during appeal
SEC dropped Binance lawsuit, ending one of the last remaining crypto enforcement acgions
Economic News:
Initial Jobless Claims:
(Previous 226k, Actual 240k)
Pending Home Sales:
(Previous 5.5%, Actual -6.3%)
Major Indices:
S&P 500: +0.39%
Nasdaq: +0.20%
Dow Jones: +0.25%
Friday, May 30
Stock Related News:
Google AI assistant Gemini will now automatically summarize your long emails unless you opt out
United States reportedly plans wider China tech sanctions with subsidiary crackdown
Amazon Web Services CEO said the company is aggressively expanding server farms globally and looking to boost access to the latest AI chips from Nvidia
Economic News:
Personal Income:
(Previous 0.7%, Actual 0.8%)
Consumer Spending:
(Previous 0.7%, Actual 0.2%)
PCE Index:
(Previous 0.0%, Actual 0.1%)
Retail Inventories:
(Previous -0.3%, Actual -0.1%)
Wholesale Inventories:
( Previous 0.3%, Actual -0.0%)
Major Indices:
S&P 500: -0.11%
Nasdaq: -0.16%
Dow Jones: +0.09%
