HaiKhuu Weekly Recap & Analysis
December 2 - December 6, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
Bitcoin has officially hit $100,000
Mark Zuckerburg is seeking to play an active role in President elect Donald Trump’s tech polices
Chipotle just confirmed it has raised its prices by 2% across the U.S.
Major Indices’ Weekly Movement:
S&P 500: +0.79%
Nasdaq: +3.02%
Dow Jones: -0.78%
Monday, December 2
Stock Related News:
Amazon announced a new service for Amazon Web Services customers: Data Transfer Terminal, a set of physical locations where customers can plug in their storage devices to upload data to the AWS cloud.
The new CEO of Amazon’s cloud unit Matt Garman said AI is a race without a finish line.
“It is such a foundational technology”
“It’s just a thing that’s going to happen forever".”
MicroStrategy just filed for its purchase of 15,400 additional Bitcoin. MicroStrategy now owns 402,100 Bitcoin at an average price of $58,263 per Bitcoin.
Fed’s Bostic:
“I don’t want people focused on the view that there must be a cut at every meeting”
Fed’s Waller:
“Leaning toward December rate cut, absent data surprise”
“Will consider holding rates in December if data surprises”
Tesla app for the apple watch is coming this month.
Coinbase just announced Apple Pay can now be used for all flat-to-crypto purchases via Coinbase Onramp.
Raytheon was just awarded a $1.31 Billion contract with the Navy.
Economic News:
Manufacturing PMI:
(Previous 48.8, Actual 49.7)
ISM Manufacturing:
(Previous 46.5%, 48.4%)
Major Indices:
S&P 500: +0.18%
Nasdaq: +1.09%
Dow Jones: -0.30%
Tuesday, December 3
Stock Related News:
Mark Zuckerburg is seeking to play an active role in President elect Donald Trump’s tech polices
Amazon Web Services and Adobe partner to bring Adobe experience platform to brands and enhance customer engagement with deep insights
The FDA said its investigation into McDonald’s over its recent E. Coli outbreak is now complete and the CDC has officially declared the outbreak over
Fed’s Daly:
“Neutral rate is closer to 3%”
President-elect Donald Trump reportedly picks Paul Atkins for SEC chair
Amazon announces Nova, a new family of multimodal AI models
Intel search for a new CEO will focus heavily on outsiders, with Intel considering candidates such as Marvell CEO Matt Murphy and former Cadence CEO Lip-Bu Tan
Meta Platforms is seeking as much as 4 gigawatts of new nuclear energy to run data centers and support the electric grid, starting in the early 2030s
Economic News:
Job Openings:
(Previous 7.4M, 7.7M)
Major Indices:
S&P 500: +0.05%
Nasdaq: +0.31%
Dow Jones: -0.19%
Wednesday, December 4
Stock Related News:
Chipotle just confirmed it has raised its prices by 2% across the U.S.
President Elect Donald Trump just picked Jared Isaacman to head NASA
Robinhood just said it plans to expand its event based trading product
Google just revealed a new AI powered weather forecast model called GenCast that “blows away traditional forecasting models in accuracy”
Robinhood just said “Legend” its new platform made for active traders is now available for all customers
Facebook just unveiled plans to invest $10 Billion to set up an AI data center in Louisiana, in what would be its largest data center in the world
Nvidia signs AI cooperation agreement with Vietnamese government
Economic News:
ADP Employment:
(Previous 184k, Actual 146k)
Services PMI:
(Previous 57.0, Actual 56.1)
ISM Services:
(Previous 56.0, Actual 52.1)
Major Indices:
S&P 500: +0.62%
Nasdaq: +1.24%
Dow Jones: +0.68%
Thursday, December 5
Stock Related News:
Bitcoin has officially hit $100,000
Nvidia and Taiwan Semiconductor are in talks about producing Nvidia’s new Blackwell AI chip at TSMC’s new plant in Arizona.
Nvidia said today it has agreed to acquire healthcare startup VinBrain, a unit of Vietnamese conglomerate Vingroup.
OpenAi just announced ChatGPT Pro, a new $200-per-month subscription tier that provides unlimited access to all of OpenAI’s models, including the full version of its o1 “reasoning” model.
California issued a new ruling requiring taxi and ride-hail drivers who are carrying unaccompanied minors in the state to pass a fingerprint background check
Economic News:
Initial Jobless Claims:
(Previous 215k, Actual 224k)
U.S. Trade Deficit:
(Previous -$83.7B, Actual -$73.8B)
Major Indices:
S&P 500: -0.16%
Nasdaq: -0.28%
Dow Jones: -0.50%
Friday, December 6
Stock Related News:
Amazon just completed its first drone flight test in Italy
Meta now has over 600 million monthly active users
Economic News:
Employment Report:
(Previous 36k, Actual 227k)
Unemployment Rate:
(Previous 4.1%, Actual 4.2%)
Hourly Wages:
(Previous 0.4%, Actual 0.4%)
Consumer Credit:
(Previous $3.2B, Actual $19.2B
Major Indices:
S&P 500: +0.19%
Nasdaq: +0.89%
Dow Jones: -0.35%
