Stocks Fall as Debt-Ceiling Talks Are on Pause

The stock market dropped on Friday, as GOP negotiators halted ongoing debt ceiling negotiations.

Overall, S&P 500 declined 0.1% to 4,192, while NASDAQ went down 0.2% to 12,658.


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Here is the ten-year chart of ServiceNow (NOW) as of May 3, 2023, when the stock was at $437.

ServiceNow builds applications that help automate processes and create efficient workflows, to enable work to flow naturally across different departments of a business.

Shares of NOW jumped today on news the company announced a partnership with NVIDIA (NVDA) to bring Artificial Intelligence (AI) into ServiceNow’s workplace software platform. New capabilities will include customizing AI chatbots to improve customer service wait times, and improving productivity for IT departments. For its AI research & development, NOW is using NVIDIA’s AI Foundations cloud service and its AI Enterprise software program. This development is expected to increase workflow automation and productivity.

NOW is a core holding in the Growth Portfolio and Aggressive Growth Portfolio.

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