Monday (4 Aug)
US market recover monday, led by gain of mega-cap tech stocks.
Tesla approves and grant 96 million new shares (worth $29bil) to CEO Elon Musk.
Bank of America expects more pressure on bank stocks going ahead.
Tuesday (5 Aug)
US ISM Services PMI came in weaker than expected.
Trump highlighted that tariffs on pharmaceuticals and semiconductor chips are coming soon.
Palantir (PLTR) reported revenue that surpassed $1 billion for the first time.
Pfizer (PFE) and DuPont (DD) reported better than expected earnings.
Yum Brands (parent of Pizza Hut, KFC and Taco Bell) [YUM], Caterpillar (CAT) and power management company Eaton (ETN) missed estimates.
Wednesday (6 Aug)
White House official confirmed that iPhone maker Apple (AAPL) will be boosting domestic manufacturing to $100 billion.
New Zealand unemployment rate went up.
Additional 25% tariff is being impose on Indian goods.
McDonald’s (MCD) and Arista Networks (ANET) reported strongest than expected earnings.
Snap, Super Micro Computer (SMCI), Opendoor (OPEN)and Advanced Micro Devices (AMD) missed earnings estimates.
Thursday (7 Aug)
Trump announced he will impose a 100% tariff on imported semiconductor chips that are built out of United States. He also commented on Truth Social post that Intel’s CEO Lip-Bu Tan is “highly conflicted and need to resign”.
US unemployment rates rose.
Bank of England BOE cut rates by 0.25 to 4%.
Bitcoin price rose and boosted bitcoin related stocks like Coinbase Global (COIN) and MicroStrategy (MSTR)
Fortinet (FTNT) reported unimpressive outlook while Airbnb (ABNB) indicated that margin for second half of 2025 will likely be lower even if it topped estimates.
Eli Lilly (LLY) announced stronger-than-expected profit.
Friday (8 Aug)
Apple rose after announcing plans of a $600 billion spending in the US over 4 years.
Nasdaq Composite hit a new all-time intraday high of 21,464.53.
Japan Topix Index hit all time high after crossing 3,000 threshold to end at 3,024.21.
Trade Desk stock plunged possibly due to CFO’s departure despite better-than-expected results.
Gilead Sciences (GILD) spike positively after raising its full year outlook. Expedia (EXPE) did the same as well.
Japan’s Softbank Group hit a new high with strong earnings.