HaiKhuu Weekly Recap & Analysis
December 23 - December 27, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
American Airlines grounded all flights in the U.S. due to a technical issue
Netflix set records for the most streamed NFL games in the U.S. with 65 million people tuning in for their Christmas day matchups
The IRS is sending up to $1,400 to around 1 million tax filers who qualified for Covid-19 stimulus checks in 2021, but didn’t claim them
Major Indices’ Weekly Movement:
S&P 500: +2.26%
Nasdaq: +2.39%
Dow Jones: +1.88%
Monday, December 23
Stock Related News:
Nordstrom just agreed to be acquired and tkaen private by the family that founded it and the Mexican retail group El Puerto de Liverpool in a deal valued at $6.25 Billion
Meta Platforms is developing display technology for its Ray-Ban smart glasses, and plans to release them as early as the second half of 2025
Apple is developing a smart doorbell with advanced facial recognition that would let you into your house using Face ID
The IRS is sending up to $1,400 to around 1 million tax filers who qualified for Covid-19 stimulus checks in 2021, but didn’t claim them
Jerome Powell and the Fed:
“Seek public comment on significant changes to improve transparency of bank stress tests and reduce volatility of resulting capital requirements”
Nvidia now owns a small piece of Elon Musk’s xAI
Lockheed Martin was awarded a $3.4 Billion modification to contract with the Navy
Economic News:
Consumer Confidence:
(Previous 112.8, Actual 104.7)
New Home Sales:
(Previous 627k, Actual 664k)
Major Indices:
S&P 500: +0.81%
Nasdaq: +1.44%
Dow Jones: +0.08%
Tuesday, December 24
Stock Related News:
American Airlines grounded all flights in the U.S. due to a technical issue
Bank of America said its clients poured in $10 Billion of inflows into the U.S. stock market last week, the second-largest such amount since 2008
Apple just became the first company to hit the $3.9 Trillion market cap milestone
Economic News:
No News Scheduled
Major Indices:
S&P 500: +1.11%
Nasdaq: +1.36%
Dow Jones: +0.84%
Wednesday, December 25
Stock Related News:
Markets Closed-Christmas Day
Thursday, December 26
Stock Related News:
Microsoft and OpenAI are reportedly in talks about making changes to their partnership terms
Economic News:
Initial Jobless Claims:
(Previous 220k, Actual 219k)
Major Indices:
S&P 500: +0.01%
Nasdaq: -0.07%
Dow Jones: +0.16%
Friday, December 27
Stock Related News:
Netflix set records for the most streamed NFL games in the U.S. with 65 million people tuning in for their Christmas day matchups
Taiwan Semiconductor said today it has started mass production at its first chip manufacturing plant in Japan
Economic News:
Advanced Retail Inventories:
(Previous 0.2%, Actual 0.3%)
Advanced wholesale Inventories:
(Previous 0.1%, Actual 0.2%)
Major Indices:
S&P 500: -1.07%
Nasdaq: -1.33%
Dow Jones: -0.75%
