The stock market had a volatile start to September, with weak August jobs growth data fueling expectations of a 25 basis point rate cut by the Federal Reserve. The S & P 500 and Nasdaq initially hit all-time highs but reversed later in the day. Home Depot stock is expected to rise with lower borrowing costs due to its ties to the housing sector. Bond yields dropped after the weak job growth report, with mortgage rates falling 16 basis points. Broadcom had a strong quarter with CEO Hock Tan revealing $10 billion in custom AI orders. Salesforce beat expectations but faced concerns about third-quarter revenue guidance. Apple stock rose over 3% after a favorable ruling in Alphabet’s Google Search antitrust case, potentially unlocking billions in additional revenue for Apple’s Services unit. Jim waits 72 hours after discussing a stock on CNBC TV before executing a trade. The Investing Club’s information is subject to terms, conditions, privacy policy, and disclaimer. No fiduciary obligation is created by receiving information from the club, and no guaranteed outcome or profit is promised.

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1. Amazon reports record-breaking holiday sales with over 1.5 billion items shipped worldwide.

2. Facebook faces backlash as latest data breach exposes personal information of 530 million users.

3. Tesla stocks surge 8% as company surpasses Q1 delivery expectations with 184,800 vehicles delivered.

4. Apple announces plans to invest $430 billion in US economy, creating 20,000 new jobs by 2026.

5. Microsoft acquires AI speech recognition company Nuance Communications for $16 billion, expanding healthcare technology offerings.: How Fed rate cut hopes clashed with slowing jobs growth