BC-APFN-Money & Markets Digest
Money & Markets modules for Thursday, Jan. 3
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.
Tesla shares tumbled after the electric car maker said that it would cut vehicle prices and announced disappointing fourth-quarter sales figures.
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.
Cabot Oil & Gas (COG)
U.S. Concrete (USCR)
Akamai Technologies (AKAM)
Duke Energy (DUK)
Vanguard US Growth (VWUSX)
This fund’s ability to beat most of its peers merits an upgrade to “Bronze,” Morningstar says.
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