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BC-APFN-Money & Markets Digest

June 12, 2018

Money & Markets modules for Wednesday, June 13

TODAY

The Federal Reserve wraps up a two-day rate setting meeting. The Labor Department reports its May reading of producer prices. American Airlines holds its annual shareholders’ meeting.

SPOTLIGHT

Dave & Buster’s stock surged Tuesday after the restaurant and arcade chain blew past Wall Street’s estimates in the first quarter.

CENTERPIECE

What’s up with wages?

The unemployment rate is at an 18-year low, but not all is well with the job market: wage growth is far lower than would be expected for all workers — except managers and supervisors.

STORY STOCKS

Tesla (TSLA)

Casey’s General Stores (CASY)

RH (RH)

Lands’ End (LE)

Dave & Buster’s Entertainment (PLAY)

Cleveland-Cliffs (CLF)

Hawaiian Holdings (HA)

Dominion Energy (D)

FUND FOCUS

Columbia Large Cap Enhanced Core (NMIAX)

This quantitative fund isn’t likely to “shoot the lights out” relative to the S&P 500 index, Morningstar says, but it’s proved that it can gain a “slight edge over time.”

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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