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BC-Money & Markets Digest

January 15, 2019

Money & Markets modules for Wednesday, Jan. 16

TODAY

The Federal Reserve issues its snapshot of business conditions at its 12 regional bank districts. The National Association of Home Builders serves up its monthly index of builder confidence. Railroad operator CSX reports quarterly results.

SPOTLIGHT

Netflix shares leapt to a three-month high after the producer of “Bird Box” said it’s hiking U.S. subscription prices for the fourth time, and the second time since late 2017.

CENTERPIECE

America the indebted

Americans slowed their pace of borrowing slightly in November, but it still grew a robust $22.1 billion, which follows a $25 billion gain in October, the biggest increase in 11 months.

STORY STOCKS

Netflix (NFLX)

JPMorgan Chase (JPM)

Wells Fargo (WFC)

Sherwin-Williams (SHW)

CVS Health (CVS)

UnitedHealth (UNH)

Edwards Lifesciences (EW)

First Republic Bank (FRC)

FUND FOCUS

Putnam Growth Opportunities (POGAX)

This fund modestly outperformed in 2018’s fourth-quarter slump. It’s a “striking contrast with the fund’s history,” Morningstar says, but not enough to change its “Neutral” rating.

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