BC-APFN-Money & Markets Digest
Money & Markets modules for Friday, Oct. 5
The Commerce Department reports its latest measure of the nation’s trade balance. The Labor Department issues its tally of jobs added by nonfarm employers in September. The Federal Reserve serves up its monthly snapshot of U.S. consumer borrowing.
Shares in Constellation Brands surged Thursday after the brewer of Corona beer raised its profit forecast for the year.
Why $15 matters
Amazon.com is boosting its minimum wage for all U.S. workers to $15, in a move that underscores the political and economic pressures facing employers in today’s labor market.
Constellation Brands (STZ)
Eli Lilly (LLY)
Bank of America (BAC)
Simon Property (SPG)
Virtu Financial (VIRT)
Marathon Petroleum (MPC)
Fidelity Extended Mkt Index (FSEMX)
The low-cost fund “effectively targets U.S. stocks that fall outside of the S&P 500,” Morningstar says.
For questions about Money & Markets modules, please contact Greg Keller (212-621-7958). For technical support: contact Todd Balog (816-654-1096). After 6 p.m., contact the AP Business News desk (800-845-8450, ext. 1680) for content questions; 1-800-3AP-STOX for technical support and 212-621-1905 for graphics help. The Money &Markets digest can also be found at www.markets.ap.org.