BC-APFN-Money & Markets Digest
Money & Markets modules for Wednesday, August 29
The Commerce Department delivers its latest estimate of the nation’s second-quarter economic growth. The National Association of Realtors issues its monthly index of pending home sales contracts. Dick’s Sporting Goods reports quarterly results.
Tiffany & Co. shares climbed after the luxury jeweler reported forecast-topping sales and earnings and also raised its full-year profit forecast.
Turkey triggers flashback
Turmoil in Turkey is bringing back unpleasant memories of the 1997-1998 Asian financial crisis. The Turkish lira has plummeted 26 percent against the U.S. dollar since the end of May, causing other emerging market currencies to buckle.
Best Buy (BBY)
Campbell Soup (CPB)
Akcea Therapeutics (AKCA)
Brooks Automation (BRKS)
Hain Celestial (HAIN)
Toll Brothers (TOL)
Eaton Vance Tax-Managed Global (EADIX)
Morningstar says this fund’s results “leave something to be desired” since lead manager Chris Dyer took over in September, 2015. The fund has a “Neutral” rating.
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.