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BC-Money & Markets Digest

November 20, 2018

Money & Markets modules for Wednesday, Nov. 21

TODAY

The Conference Board issues its monthly index of leading economic indicators. The National Association of Realtors reports its latest tally of U.S. home sales. The Commerce Department serves up its monthly snapshot of durable goods orders to U.S. factories.

SPOTLIGHT

Target’s stock is having its worst day in more than a year after the retailer’s latest quarterly results fell short of Wall Street’s forecasts.

CENTERPIECE

You got a raise! Investors wince.

Workers are finally making bigger paychecks. That’s good for them but an “uh-oh” for investors. Rising wages can hurt companies’ profits and lead to inflation.

STORY STOCKS

Target (TGT)

Ross Stores (ROST)

Kohl’s (KSS)

L Brands (LB)

Campbell Soup (CPB)

Boston Scientific (BSX)

Agilent Technologies (A)

Duke Energy (DUK)

FUND FOCUS

American Century Short Duration (ACSNX)

This fund has relied on out-of-index sectors to generate returns, Morningstar says, giving it a more aggressive profile than it has had in years past.

For questions about Money & Markets modules, please contact Seth Sutel (212-621-1618). 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.

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