top of page
  • Writer's pictureuseyourbrainforex

Market recap: Events, trends, and deals of last week


Market recap: Events, trends, and deals of last week

Last week was quite eventful, at least that's the impression one could get when looking at the data front, the political front, and the corporate front, as we received a plethora of information from all angles.


The American stock markets closed with mixed sentiments, with new records being set only in some cases. Meanwhile, the DAX ended the week on a slight positive note. Pinterest's balance sheet overwhelmed shareholders, while Affirm's forecast was a significant disappointment.


The main Wall Street exchanges ended Friday's session mostly in the green, with the Nasdaq and S&P hitting new intraday highs. Positive sentiments were apparently fueled by strong financial results and solid inflation data, which were revised for December 2023.



Meanwhile, summarizing what happened in recent days: apart from gains in the USA, though not all indexes fared similarly well, the German DAX ended the week on a slight positive note.

However, Pinterest's balance sheet severely disappointed investors, leading to a more than 30% drop in the company's stock.


In the meantime, Amazon.com Inc. founder Jeff Bezos sold 12 million Amazon shares worth $2.04 billion, as disclosed by the U.S. Securities and Exchange Commission (SEC) on Saturday.


The sale occurred after a previous filing revealed that Bezos adopted a trading plan on November 8, allowing him to sell up to 50 million Amazon shares by January 2025, potentially totaling around $8.6 billion based on Amazon's current stock value.



Staying on the topic of Amazon, the company secured exclusive rights to stream an NFL playoff game next season on its Prime Video service, reported the Wall Street Journal on Friday, citing knowledgeable sources.


According to the report, Amazon had been offered the rights to stream a playoff game this season but turned it down, so this year's game was broadcast on Peacock, NBCUniversal Media's streaming service, attracting 23 million viewers.



Furthermore, one source mentioned that NBCUniversal had intended to retain exclusive rights to broadcast the playoffs, but Amazon had a clause in its agreement for "Thursday Night Football" NFL broadcasts that enabled it to demand the right to broadcast a playoff game.


Ultimately, the Dow Jones fell by 0.14% at the close, with Chevron dropping by 1.98%. Meanwhile, the Nasdaq 100 rose by 1.01%, and the S&P ended the trading day with a 0.57% increase. Applied Materials achieved the best results in both indexes, rising by 6.87%.


12.02.2024



Comments


bottom of page