Money & Markets modules for Wednesday, Aug. 21
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.
Home Depot shares notched their biggest gain of the year after the home improvement chain handily beat Wall Street’s second quarter profit forecasts.
Homebuilders ride wave of lower rates
Even in a sluggish U.S. housing market, investors are doubling down on homebuilders.
Elanco Animal Health (ELAN)
Sarepta Therapeutics (SRPT)
Home Depot (HD)
BlackRock Focus Growth (MDFOX)
Proven managers, a fee reduction and a “nimble approach” earned this fund a Morningstar analysts’ upgrade to “Bronze.”
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