The stock market rebounded on Wednesday after private payrolls data came in stronger than expected. The report showed the private sector added 63,000 jobs in February, surpassing forecasts of 50,000.
Meanwhile, South Korea’s stock market suffered its worst day on record, dropping 12% amid tensions related to the U.S.-Iran conflict.
Overall, S&P 500 rose 0.8% to 6,870, while NASDAQ jumped 1.3% to 22,807.
Tweet of the Day
South Korea stock market is in decline. This could explain why some tech stocks have been tanking. https://t.co/NHLuO5n2dG
— David Sharek (@GrowthStockGuy) March 4, 2026
Chart of the Day
Here is the one-year chart of Amazon (AMZN) as of February 5, 2026, when the stock was at $223.
Last quarter, the company delivered only 5% profit growth which was a big slow down from profit growth of 36% 2QtrsAgo.
Management stated they expect to invest about $200 billion on capital expenditures in 2026 across Amazon, mostly on AWS, because demand is very high and customers are quickly using the new capacity being added. Management stated these investments are designed to fuel long-term growth and improve customer experience, even if they temporarily weigh on profits. As a result of this big investment, profit growth is expected to climb just 12% in 2026 versus 30% in 2025.
AMZN is part of our Growth Portfolio and Aggressive Growth Portfolio.
