The stock market went down on Tuesday after Federal Reserve Chair Jerome Powell remarked that the central bank would cautiously cut interest rates and that stocks are highly fairly valued.
Investors are also worried on the sustainability of AI bull trend.
Overall, S&P 500 fell 0.6% to 6,657, while NASDAQ dropped 1.0% to 22,573.
Chart of the Day
Here is the one-year chart of ServiceNow (NOW) as of August 18, 2025, when the stock was at $892.
ServiceNow offers a complete integrated enterprise-ready AI platform designed to handle all business needs. Last quarter, the company introduced AI Control Tower and Agent Fabric that change how companies work by giving them one place to manage AI and connect it across all parts of the business.
Control Tower acts like a command center, helping people and AI agents work together smoothly. On the other hand, Agent Fabric links all systems, apps, and data, so tasks across IT, HR, sales, and operations can be automated without problems.
These tools help big companies become faster, safer and more efficient. Management stated with AI built into everyday work, ServiceNow is becoming the key platform for the future of business automation. t
This success shows up in the numbers. Last quarter, ServiceNow delivered robust profit growth of 31% year-over-year as sales churned up 23%. Both are excellent numbers for a large Enterprise like this.
NOW is a core holding in our Growth Portfolio. In a type when software stocks are sucking wind due to the threat of AI taking business away, ServiceNow is utilizing AI to capture business.
