BC-APFN-Money & Markets Digest
Money & Markets modules for Wednesday, May 16
The Commerce Department releases its latest monthly tally of new residential construction projects. Cisco Systems and Macy’s report quarterly results.
Home Depot skids after the home improvement retailer reported first-quarter sales that disappointed Wall Street and said the current quarter got off to a slow start.
Pain at the pump
Oil prices crossed the $70-a-barrel threshold last week, meaning more pain at the pump for car-driving commuters, as gasoline prices hit levels not seen in nearly four years.
Home Depot (HD)
Newmont Mining (NEM)
D.R. Horton (DHI)
Agilent Technologies (A)
Fidelity Advisor International Growth (FIAGX)
Morningstar upgraded this fund’s rating to “Silver,” citing confidence in lead manager Jed Weiss, his strong industry experience and ability to tap Fidelity’s deep research bench.
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.