• BC-Money & Markets Digest

    Updated:

    Money & Markets modules for Wednesday, Aug. 21

    TODAY

    The Federal Reserve releases minutes from last month’s rate setting meeting. The National Association of Realtors serves up its July tally of sales of previously occupied U.S. homes. Nordstrom reports quarterly results.

    SPOTLIGHT

    Home Depot shares notched their biggest gain of the year after the home improvement chain handily beat Wall Street’s second quarter profit forecasts.

    CENTERPIECE

    Homebuilders ride wave of lower rates

    Even in a sluggish U.S. housing market, investors are doubling down on homebuilders.

    STORY STOCKS

    Baidu (BIDU)

    Elanco Animal Health (ELAN)

    Sarepta Therapeutics (SRPT)

    Moderna (MRNA)

    Medtronic (MDT)

    Fabrinet (FN)

    Kohl’s (KSS)

    Home Depot (HD)

    FUND FOCUS

    BlackRock Focus Growth (MDFOX)

    Proven managers, a fee reduction and a “nimble approach” earned this fund a Morningstar analysts’ upgrade to “Bronze.”

    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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