BC-APFN-Money & Markets Digest
Money & Markets modules for Friday, Dec. 21
THE WEEK AHEAD
S&P issues its CoreLogic Case-Shiller U.S. home price index Wednesday. The Conference Board serves up its monthly index of U.S. consumer confidence Thursday. The National Association of Realtors reports its November tally of pending U.S. home sales Friday.
Shares in Nike climbed Friday after the athletic gear maker delivered third-quarter results that topped Wall Street’s forecasts.
A less cheery Fed
The Federal Reserve is a bit less optimistic about the economy’s prospects over the next two years. So it has trimmed its expectations for future increases in interest rates.
Northrop Grumman (NOC)
Dominion Energy (D)
Emergent BioSolutions (EBS)
Franklin Utilities (FKUTX)
This “Gold”-rated fund is a top pick in Morningstar’s utilities category. It’s “appealingly old-school” and disciplined, but returns have “tended to be lumpy.”
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.