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BC-APFN-Money & Markets Digest

January 2, 2019

Money & Markets modules for Thursday, Jan. 3

TODAY

The Labor Department releases its weekly count of initial jobless benefit claims; The Commerce Department is scheduled to report monthly construction spending data and ADP reports its employment survey for December.

SPOTLIGHT

Tesla shares tumbled after the electric car maker said that it would cut vehicle prices and announced disappointing fourth-quarter sales figures.

CENTERPIECE

Signs of slowdown?

One of the most historically accurate indicators of the U.S. economy’s direction is the weekly count of people seeking unemployment benefits. Claims over 400,000 have been seen as a sign of a recession, but currently stand at barely half that level.

STORY STOCKS

Tesla (TSLA)

Cabot Oil & Gas (COG)

U.S. Concrete (USCR)

Akamai Technologies (AKAM)

Duke Energy (DUK)

Box (BOX)

NetEase (NTES)

Roku (ROKU)

FUND FOCUS

Vanguard US Growth (VWUSX)

This fund’s ability to beat most of its peers merits an upgrade to “Bronze,” 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.

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