Money & Markets modules for Wednesday, Sept. 5

TODAY

The Commerce Department issues its monthly snapshot of the nation's trade balance. HD Supply serves up its latest quarterly results. The Mortgage Bankers Association reports its weekly tally of home loan applications.

SPOTLIGHT

Transocean shares sank after the offshore drilling contractor agreed to buy competitor Ocean Rig UDW for $2.7 billion including debt.

CENTERPIECE

Housing costs surge

The combination of rising home prices and higher mortgage rates has been expensive for buyers: The increase is so substantial that it could tilt more people toward renting homes.

STORY STOCKS

Nike (NKE)

JD.com (JD)

WPP (WPP)

Ocean Rig UDW (ORIG)

Conn's (CONN)

TravelCenters of America (TA)

Western Digital (WDC)

State Street (STT)

FUND FOCUS

Hotchkis & Wiley Mid-Cap Value (HWMAX)

This fund's contrarian bent still shows, Morningstar says, demonstrated by its "high volatility" and "long-term outperformance." It earns an analyst rating of "Bronze."

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