BC-Money & Markets Digest
Money & Markets modules for Friday, Jan. 18
The Federal Reserve issues its monthly snapshot of U.S. industrial production. Oilfield services company Schlumberger reports its fourth-quarter results. The University of Michigan serves up its latest U.S. consumer sentiment index.
CSX Corp. shares slumped after the railroad delivered fourth-quarter profit lower than last year.
Inflation swings on gas prices
Inflation has been trending lower, largely because the cost of gas has tumbled 2.1 percent over the past year, according to the Bureau of Labor Statistics.
Morgan Stanley (MS)
Signet Jewelers (SIG)
M&T Bank (MTB)
PPG Industries (PPG)
Western Digital (WDC)
Vanguard US Value (VUVLX)
Low costs and a “reasonable stock-picking approach” give this fund a “long-term edge,” justifying its “Silver” rating, 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.