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BC-US--Money & Markets Digest,1st Ld-Writethru, US

BC-US--Money & Markets Digest,1st Ld-Writethru, US

Eds: Updates to replace Fund Focus

Money & Markets modules for Thursday, Dec. 29

TODAY

The Labor Department reports weekly unemployment benefit claims, and the Department of Agriculture issues its index of agriculture prices for November. The Energy Department publishes its weekly report on the nation's crude oil stockpile.

COMPANY SPOTLIGHT

Qualcomm fell after South Korea's antitrust authority slapped the semiconductor chip maker with a record $865 million fine for unfair business practices.

CENTERPIECE

GDP forecasts looking up

The United States' economy is forecast to have grown about 1.6 percent this year, the weakest in five years, but there are hopes 2017 will be better.

STORY STOCKS

Qualcomm (QCOM)

Fred's (FRED)

Nvidia (NVDA)

Qorvo (QRVO)

Simon Property (SPG)

Boeing (BA)

Goldman Sachs (GS)

Chesapeake Energy (CHK)

FUND FOCUS

Invesco Small Cap Growth (GTSAX)

Long-time co-manager Juan Hartsfield will take the reins from Juliet Ellis in June, prompting Morningstar to cut the fund's rating to "Bronze" from "Silver."

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.


Updated : 2021-05-07 12:31 GMT+08:00