TLDR

MARKET RECAP → Stocks rose Friday, with the Dow (DIA) reaching a new all-time high. The winning week underscores a continuation of the postelection rally, categorized by a shift from a handful of big technology stocks to more economically sensitive corners of the market.

SUPREME COURT SIDESTEPS FACEBOOK CASE → The Supreme Court left Facebook’s (META) securities fraud case unresolved, allowing shareholder claims tied to the Cambridge Analytica breach to proceed. 🏛️

AMAZON BOOSTS ANTHROPIC INVESTMENT TO $8B → Amazon’s (AMZN) $4 billion boost to Anthropic solidifies AWS as its primary cloud partner, advancing Claude’s AI tools and fueling the generative AI race. 🚀

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MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Supreme Court Sidesteps Facebook Fraud

🏛️ The U.S. Supreme Court dismissed Facebook’s (META) appeal in a securities fraud lawsuit tied to the 2015 Cambridge Analytica data breach. This decision allows the 9th Circuit Court’s ruling, which revived the case, to stand.

📉 Shareholders allege Facebook misled investors by failing to disclose the breach in risk reports, leading to stock declines after the 2018 media exposé. The company argued it was not legally obligated to report past incidents as part of risk disclosures.

💸 Facebook has already faced significant penalties, including a $5 billion FTC fine and a $100 million SEC settlement, for privacy violations. The case underscores ongoing scrutiny of corporate transparency and regulatory accountability.

TODAY’S TOP NEWS

Amazon Boosts Anthropic Investment To $8B

🛠️ Amazon (AMZN) doubled down on AI by investing another $4 billion in Anthropic, raising its total stake to $8 billion, while staying a minority investor. The partnership designates AWS as Anthropic’s primary cloud and training partner.

💡 Anthropic’s Claude chatbot and AI tools gained momentum in the generative AI race, with its latest feature enabling computers to perform complex, human-like tasks. Early adopters included Canva, Notion, and Asana.

💰 As part of its generative AI strategy, Amazon secured unique benefits for AWS users, including early access to fine-tune Claude with their data. This move strengthens its position against rivals in a market projected to reach $1 trillion.

BULL VS. BEAR

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