The stock market closed higher on Tuesday despite a sharp downward revision to jobs data, showing weak labor market.
Bureau of Labor Statistics reported that the US economy likely added 911,000 fewer jobs for the 12-month period through March. This was the largest recorded since 2002.
Investors are now awaiting two key inflation data that could determine the movement of the interest rates next week.
Overall, S&P 500 went up 0.3% to 6,513, while NASDAQ rose 0.4% to 21,879.
Tweet of the Day
My clients own $NBIS. Purchased it around a month ago. @mvcinvesting gave me the idea. https://t.co/YbyIf4jLwb
— David Sharek (@GrowthStockGuy) September 8, 2025
Chart of the Day
Here is the one-year chart of Microsoft (MSFT) as of August 27, 2025, when the stock was at $507.
Yesterday, it was announced that Microsoft has agreed with Nebius (NBIS) for AI infrastructure. Nebius is a European AI infrastructure company that provides storage and compute power needed for AI projects. Nebius is up big on the news, but this is also a positive news for Microsoft.
Demand for Microsoft’s AI systems and cloud services is so strong that the company still could not keep up, even after adding significant new data center capacity. Its Intelligent Cloud operating segment had revenue growth of 26% last quarter, and within that segment Azure revenue grew 34% and is now doing $75 billion in revenue annually. Microsoft already has more than 400 datacenters across 70 regions – more than any other cloud provider. The company was already scaling out its own datacenter capacity faster than any competitor. Nebius just added a turbo boost to Microsoft’s AI growth.
MSFT is part of our Conservative Growth Portfolio and Growth Portfolio.
