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BC-Money & Markets Digest

September 20, 2018

Money & Markets modules for Friday, Sept. 21

TODAY

Stock options and futures contracts expire on Wall Street’s “quadruple witching” day. Farfetch, an online seller of luxury clothing and accessories, makes its stock market debut. Oilfield services company Baker Hughes issues its weekly tally of U.S. oil and natural gas rigs.

SPOTLIGHT

Furniture maker Herman Miller’s stock hit a nearly eight-month high after the Michigan-based manufacturer reported surprisingly strong first-quarter earnings.

CENTERPIECE

Private markets push

Prominent companies are increasingly opting to avoid going public. One possible response: a plan floated by Securities and Exchange Commission head Jay Clayton to open up private capital-raising markets to Main Street investors.

STORY STOCKS

Under Armour (UAA)

Thor Industries (THO)

Vonage (VG)

Red Hat (RHT)

Stitch Fix (SFIX)

Herman Miller (MLHR)

Huntington Bancshares (HBAN)

Intel (INTC)

FUND FOCUS

Vanguard Small Cap Growth Index (VISGX)

Morningstar calls this fund “one of the cheapest small-growth funds available.” It diversifies risk and keeps turnover to a minimum.

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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