Money and Markets Digest

ALEX VEIGA

November 16, 2023

Money & Markets modules for Friday, Nov. 17, 2023

TODAY

BJ's Wholesale Club and Spectrum Brands report quarterly results; the Commerce Department reports on housing starts for October

SPOTLIGHT

Cisco Systems had its biggest one-day decline in 18 months after the maker of networking equipment slashed its forecasts.

CENTERPIECE

Ad slump hits media

Media companies suffered a pullback in advertising spending during their most recent quarter and they expect an equally difficult path ahead.

STORY STOCKS

Walmart (WMT)

Cisco Systems (CSCO)

Palo Alto Networks (PANW)

Macy's (M)

Tetra Tech (TTEK)

Williams-Sonoma (WSM)

Children's Place (PLCE)

Shoe Carnival (SCVL)

FUND FOCUS

Invesco Corporate Bond (ACCBX)

This fund remains "a solid option despite recent setbacks," Morningstar says. Its "experienced team applies a structured and fundamentally driven approach that has delivered strong results."

For questions about Money & Markets modules, please contact Greg Keller at (917) 865-1817. 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; 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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