HaiKhuu Weekly Recap & Analysis
December 30, 2024- January 3, 2025
MAJOR EVENTS OF LAST WEEK
Highlights:
Morgan Stanley owned E-Trade is exploring adding crypto trading to its platform
President Biden blocked Nippon Steel’s proposed takeover of U.S. Steel
Tesla said its humanoid robot “Optimus” is now autonomously navigating daily in its office & labs
Major Indices’ Weekly Movement:
S&P 500: -0.93%
Nasdaq: -1.38%
Dow Jones: -0.80%
Monday, December 30
Stock Related News:
Apple just said it will be making its Apple TV+ streaming service FREE for this weekend January 4th and 5th
Google CEO Sundar Pichai and other Google leaders told employees last week at a 2025 strategy meeting that “the stakes are high” for next year
Economic News:
Chicago Business Barometer (PMI) :
(Previous 40.2, Actual 36.9)
Pending Home Sales:
(Previous 1.8%, Actual 2.2%)
Major Indices:
S&P 500: -1.14%
Nasdaq: -1.33%
Dow Jones: -0.98%
Tuesday, December 31
Stock Related News:
Tesla said its humanoid robot “Optimus” is now autonomously navigating daily in its office & labs
Netflix just confirmed it will be releasing a 3rd season of Squid Game in 2025
Economic News:
Markets Close Early- New Year’s Eve
Major Indices:
S&P 500: -0.36%
Nasdaq: -0.85%
Dow Jones: -0.06%
Wednesday, January 1
Stock Related News:
Markets Closed-New Year’s Day
Thursday, January 2
Stock Related News:
Morgan Stanley owned E-Trade is exploring adding crypto trading to its platform
Kevan Parekh has officially taken over as Apple CFO from Luca Maestri as announced in August
Facebook is overhauling its global policy team, replacing President Nick Clegg with Joel Kaplan, his deputy and the company’s most prominent Republican
Facebook Cybertruck qualifies for up to $7,500 in tax credits for the first time this year
The Biden administration is considering a rule that could limit or ban Chinese drones in the U.S.
Economic News:
Initial Jobless Claims:
(Previous 220k, Actual 211k)
Major Indices:
S&P 500: -0.25%
Nasdaq: -0.20%
Dow Jones: -0.40%
Friday, January 3
Stock Related News:
President Biden blocked Nippon Steel’s proposed takeover of U.S. Steel
General Motors and Ford report best annual sales since 2019
Fed Barkin:
“In the camp of staying restrictive for longer, given possible upside inflation risks”
Economic News:
Richmond Fed President Tom Barkin Speaks
Major Indices:
S&P 500: +1.25%
Nasdaq: +1.64%
Dow Jones: +0.79%
