HaiKhuu Weekly Recap & Analysis
December 25 - December 29, 2023
MAJOR EVENTS OF LAST WEEK
Major Indices’ Weekly Movement:
S&P 500: +0.30%
Nasdaq: +0.17%
Dow Jones: +0.89%
Highlights:
The New York Times has launched legal action against OpenAI and Microsoft over claims of copyright infringement linked to the alleged unauthorized use of its published content to train artificial intelligence
Apple’s Watch sales ban was temporarily paused by US Appeals Court
Google has settled a lawsuit claiming it secretly tracked the internet use of millions of people who were using "Incognito" mode
DAILY EVENT BREAKDOWN
Monday, December 25
Markets Closed for Christmas
Tuesday, December 26
Stock Related News:
Amazon Prime Video will start showing ads on January 29th, unless you purchase an ad-free tier for $2.99/month
Israel's government agreed to give Intel a $3.2 billion grant for a new $25 billion chip plant it plans to build in southern Israel
Tesla is currently conducting preparation work in China to roll out a refreshed version of the Model Y from its Shanghai Gigafactory with mass production possibly starting as soon as mid-2024
Uber is deploying Teslas to join Japan’s Taxi Market
Sam Altman is hiring an ex-Apple executive to help work on their new AI hardware project
Economic News:
S&P CaseShiller Home Price Index 4.9% (Forecast 5%, Previous 3.9%)
Major Indices:
S&P 500: +0.42%
Nasdaq: +0.61%
Dow Jones: +0.41%
Wednesday, December 27
Stock Related News:
The New York Times has launched legal action against OpenAI and Microsoft over claims of copyright infringement linked to the alleged unauthorized use of its published content to train artificial intelligence
Apple’s Watch sales ban was paused by US Appeals Court
Artificial intelligence startup Anthropic expects it will generate over $850M in annualized revenue by the end of 2024
Chinese electric vehicle giant BYD has obtained a conditional testing license for level 3 autonomous driving
Economic News:
Redbook YoY Actual 4.1% (Forecast -, Previous 3.6%)
Richmond Fed Comp. Index Actual -11 (Forecast -3, Previous -5)
Major Indices:
S&P 500: +0.18%
Nasdaq: +0.15%
Dow Jones: +0.32%
Thursday, December 28
Stock Related News:
Google has settled a lawsuit claiming it secretly tracked the internet use of millions of people who were using "Incognito" mode
NVDA announced the launch of a new GPU specifically made for sale in China
Amazon is planning to test making hydrogen fuel for forklifts at its fulfillment center
Economic News:
Pending Homes Index 71.6 (Forecast -, Previous 71.4)
Change MoM Actual 0% (Forecast 0.85%, Previous -1.5%)
Jobless Claims:
Initial Claims 218k (Forecast 210k, Previous 205k)
Continued Claims 1.875M (Forecast 1.875M, Previous 1.865M)
Freddie Mac: US 30-year fixed rate mortgage rates decline to 6.61% as of December 28th, the lowest since May
Wholesale Inventories MoM Adv. -0.2% (Forecast -0.2%, Previous -0.4%)
US Advance Goods Trade Balance -90.3B (Forecast -88.9B, Previous -89.56B)
Retail Inventories Ex-Auto Adv. -0.8% (Forecast -, Previous -0.9%)
Major Indices:
S&P 500: +0.04%
Nasdaq: -0.05%
Dow Jones: +0.12%
Friday, December 29
Stock Related News:
United Health is selling its operations in Brazil to a private investor for $7 Billion
Chinese tech company Baidu (BIDU) said its ChatGPT-like AI product, Ernie bot, has surpassed 100 million users
Chinese online retailer JD.com won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices
Boeing announced all 737 MAX jets operated by Chinese carriers are back in service at the end of 2023
Economic News:
Chicago PMI Actual 46.9 (Forecast 50, Previous 55.8)
Major Indices:
S&P 500: -0.29%
Nasdaq: -0.43%
Dow Jones: -0.04%
