HaiKhuu Weekly Recap & Analysis
November 25 - November 29, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
President-Elect Trump vows and additional 10% tariff on China, 25% tariffs on Canada and Mexico
Palantir is now officially trading on the NASDAQ Exchange
The FTC has opened an antitrust investigation of Microsoft, drilling into everything from its cloud computing and software licensing businesses to cybersecurity offerings and AI products
Major Indices’ Weekly Movement:
S&P 500: +1.49%
Nasdaq: +1.06%
Dow Jones: +2.38%
Monday, November 25
Stock Related News:
The government plans to reduce the size of Intel’s $8.5 Billion federal CHIPs act grant to less than $8 billion
Sony is developing a portable video game console to play PlayStation 5 games on the move, to rival Nintendo’s Switch
Zoom Video Communications just changed its official name to Zoom Communications
Amazon Web Services was just awarded a $158.3 Million contract with the Army for “cloud computer and storage services”
General Motors has taken a major step towards competing in Formula One racing under its Cadillac brand.. Cadillac will become the 11th team on the series’ grid starting in 2026
Walmart drops diversity, equity, and inclusion (DEI) programs
President-Elect Trump vows and additional 10% tariff on China, 25% tariffs on Canada and Mexico
Qualcomm reportedly no longer has interest in acquiring Intel
Economic News:
Chicago Fed President Goolsbee Interview
Major Indices:
S&P 500: +0.34%
Nasdaq: +0.16%
Dow Jones: -0.07%
Tuesday, November 26
Stock Related News:
The Biden administration proposed today a new rule that could significantly expand coverage of anti-obesity medications for Americans under Medicare and Medicaid
Rivian has received conditional approval for a loan from the U.S. Department of Energy worth up to $6.6 Billion to support the construction of its EV manufacturing plant in Georgia
Palantir is now officially trading on the NASDAQ Exchange
Fed’s Goolsbee just said:
“It makes sense to slow cuts as rate approaches the neutral rate”
Databricks just closed a funding round valuing the company at $55 Billion
SpaceX receives conditional approval for Starlink cell coverage
Economic News:
Consumer Confidence:
(Previous 108.7, Actual 111.7)
New Home Sales:
(Previous 738k, Actual 610k)
Major Indices:
S&P 500: +0.52%
Nasdaq: +0.54%
Dow Jones: -0.31%
Wednesday, November 27
Stock Related News:
Google is asking a federal appeal court to throw out a ruling in an antitrust case brought by Epic Games that would force it to overhaul its Play mobile app store
The FTC has opened an antitrust investigation of Microsoft, drilling into everything from its cloud computing and software licensing businesses to cybersecurity offerings and AI products
The 24X National Exchange just won approval from the SEC to allow nonstop trading 23 hours a day, 5 days a week
Economic News:
Initial Jobless Claims:
(Previous 215k, Actual 213k)
GDP :
(Previous 2.8%, Actual 2.8%)
Retail Inventories:
(Previous 0.6%, Actual 0.1%)
Wholesale Inventories:
(Previous -0.2%, Actual 0.2%)
PCE Index:
(Previous 0.2%, Actual 0.2%)
Major Indices:
S&P 500: -0.30%
Nasdaq: -0.06%
Dow Jones: -0.79%
Thursday, November 28
Stock Related News:
Markets Closed -Thanksgiving Day
Friday, November 29
Stock Related News:
Meta plans to spend up to $10 Billion to build an underseas fiber optic cable extending around the world
Economic News:
Markets Close at 1 PM EST
Major Indices:
S&P 500: +0.62%
Nasdaq: +0.88%
Dow Jones: +0.52%
