FactSet Reaches New High

The stock market is improving today. Yesterday, the S&P 500 closed at its lowest level in two months. It looks like we’ll have another 1% day but this time to the upside.

Thanks to Facebook (FB) tanking yesterday, Mark Zuckerberg lost more than $6 billion yesterday. He’s made back about $2 billion today.

On our Buy List, shares of FactSet (FDS) just touched a new 52-week high. I was not expecting the stock to respond so strongly to its earnings report from last week.

Intercontinental Exchange (ICE) is having a good day for us. The stock is up about 3%. It’s not far from a new 52-week high.

On the economic front, the ISM Services Index rose to 61.9. That’s quite good. The trade deficit increased to $73 billion.

Posted by on October 5th, 2021 at 1:39 pm


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