The stock market closed mixed on Tuesday as investors await Federal Reserve’s latest decision on interest rates. NASDAQ declined 0.8% to 15,510 – just ahead of the kickoff to Big Tech results. Meanwhile, S&P 500 fell 0.1% to 4,925.
Tweet of the Day
Chip sales in North America are forecast to surge 22.3% in 2024 to $162.2 billion, nearly 1000 bp higher than the global growth forecast of 13.1%.$NVDA $AMD $INTC $QCOM $MU pic.twitter.com/IglPQDXRJ0
— Beth Kindig (@Beth_Kindig) January 28, 2024
Chart of the Day
Here is the ten-year chart of Factset Research (FDS) as of January 3, 2024, when the stock was at $455.
Factset Research released a beta of its New Conversational AI, FactSet Mercury. Mercury revolutionizes the research workflow for junior bankers with a unified conversational interface, offering quick access to key company information. FactSet Mercury is a digital platform for junior bankers complete with Generative AI tools including chart creator that can use voice commands to create charts for pitch decks. It provides users with access to a comprehensive set of financial fundamentals, pricing data, and regulatory information. Last quarter, Factset Research launched AI-transcript highlights.
FDS is part of the Conservative Stock Portfolio. This is a fabulous buy-and-hold stock.
