HaiKhuu Weekly Recap & Analysis
November 4 - November 8, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
Facebook announced it’s making its Llama LLM available to US government agencies, including those that are working on national security
Netflix’s offices in France and the Netherlands were raided as part of a tax fraud investigation according to French paper Marianne
Palantir, Amazon Web Services, and Anthropic partner to bring AI to the government and military
Major Indices’ Weekly Movement:
S&P 500: +4.73%
Nasdaq: +5.62%
Dow Jones: +4.78%
Monday, November 4
Stock Related News:
Facebook plans to use AI to identify young users on Instagram who are lying about their age and automatically switch them into more restrictive privacy settings
The Federal Energy Regulatory Commission earlier today rejected a request to increase the amount of power the susquehanna nuclear plant can dispatch to an Amazon data center campus
The CEO of AI startup Perplexity offered to replace the striking workforce of the New York Times with AI
Facebook announced it’s making its Llama LLM available to US government agencies, including those that are working on national security
Big 4 accounting firm KPMG is laying off hundreds of employees in its U.S. auditing business as it works to make up for lower levels of voluntary turnover
Economic News:
Factory Orders:
(Previous -0.7%, Actual -0.5%)
Major Indices:
S&P 500: -0.22%
Nasdaq: -0.29%
Dow Jones: -0.56%
Tuesday, November 5
Stock Related News:
The former head of Meta’s Orion augmented reality glasses initiative Caitlin “CK” Kalinowski has joined OpenAI to lead the startup’s robotics and consumer hardware efforts
Apple has proposed investing almost $10 million to make additional goods in Indonesia as it seeks to have the country’s ban on sales of its latest iPhone removed
Netflix’s offices in France and the Netherlands were raided as part of a tax fraud investigation according to French paper Marianne
Amazon gets FAA approval to fly its new smaller delivery drone including beyond the visual line of sight of the pilots as it begins tests in Arizona
Apple reportedly requested Foxconn to start manufacturing AI servers in Taiwan, signaling Apple’s push to expand its AI capabilities
Economic News:
Services PMI:
(Previous 55.3, Actual 55.0)
Major Indices:
S&P 500: +1.21%
Nasdaq: +1.28%
Dow Jones: +1.02%
Wednesday, November 6
Stock Related News:
Donald Trump has been elected 47th President of the United States
Qualcomm just announced a $15 billion share buyback program
Blackrock’s Bitcoin ETF had its most active trading day yesterday with more than $4 Billion worth of the ETF traded
Amazon Web Services plans to invest $1.3 Billion into Italy over the next 5 years to expand its data centre business in the country
Economic News:
No Economic News Scheduled
Major Indices:
S&P 500: +2.49%
Nasdaq: +2.72%
Dow Jones: +3.54%
Thursday, November 7
Stock Related News:
Palantir, Amazon Web Services, and Anthropic partner to bring AI to the government and military
Meta is opening a pop-up retail store tomorrow for its Ray-Ban Meta Smart Glasses in Los Angeles
Tesla is now offering customers on option to lease a Cybertruck with prices starting at $999
Economic News:
Initial Jobless Claims:
(Previous 218k, Actual 221k)
Major Indices:
S&P 500: +0.77%
Nasdaq: +1.58%
Dow Jones: +0.03%
Friday, November 8
Stock Related News:
Sony has now sold more than 65 million PlayStation 5s around the world
Nvidia announced that it has named former director of NASA’s Johnson Space Center in Houston Ellen Ochoa to its board of directors
The Dow Jones climbed over 44,000 for the first time ever
Intel has now officially been kicked out of the Dow Jones Industrial Average
Salesforce plans to hire more than 1,000 workers to sell its new Generative AI Agent product
Economic News:
Consumer Sentiment:
(Previous 70.5, Actual 70.1)
Major Indices:
S&P 500: +0.43%
Nasdaq: +0.12%
Dow Jones: +0.62%
