The stock market closed a volatile session with mixed results on Friday. Investors assessed the latest interest rate hike, economic data and speeches from the Federal Reserve.
Overall, S&P 500 grew 0.2% to 4,090, while NASDAQ fell 0.6% to 11,718. The latter ended its longest five-week win streak since November 2021.
Tweet of the Day
BREAKING: @Tesla has entered into an agreement with NRStor Inc for a massive $438 Million (est) Megapack project in Ontario.
Project is 250MW/1,000MWh. It's scheduled to be completed in 2025. The project will be among the largest of its kind in the world. @Tesla_Megapack pic.twitter.com/oxoeMhONm9
— Sawyer Merritt (@SawyerMerritt) February 10, 2023
Chart of the Day
Our chart of the day is the ten-year chart of Johnson & Johnson (JNJ) as of February 1, 2023, when the stock was at $165.
Johnson & Johnson is the world’s largest healthcare company. It is engaged in the research and development, manufacture and sale of a broad range of products in the health care field.
The company grew 8% a year the past decade, and paid a dividend yield of around 3%. That’s double-digit total returns, not bad for one of the safest stocks in the world.
JNJ is a core holding in the Conservative Growth Portfolio.
