BC-APFN-Money & Markets Digest
Money & Markets modules for Tuesday, Dec. 25
Stock markets are closed today for the Christmas holiday. Retailers expect big crowds when stores reopen on Wednesday. A gauge of the U.S. housing market will also attract investors’ attention on Wednesday.
Bank stocks fell sharply after Treasury Secretary Steven Mnuchin called the heads of the six big banks over the weekend, a sign that was supposed to reassure investors but instead caused more fear in the financial markets.
Gold’s lost luster
Gold lost some of its glitter this year. The precious metal’s price sank and it failed to live up to its reputation as a safe haven for investors in tumultuous times.
Wells Fargo (WFC)
Johnson & Johnson (JNJ)
Newmont Mining (NEM)
Campbell Soup (CBP)
Victory RS Mid Cap Growth (RSMOX)
Morningstar rates this fund “Neutral,” saying the team has a “mixed” record on portfolio selection. Morningstar also said trading costs were high.
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.