BC-APFN-US--Money & Markets Digest
Money & Markets modules for Friday, October 10
All graphics are sent by 6 p.m. EDT
TODAY
Market debut: Dave & Buster's Entertainment is expected to begin trading as public company today.
COMPANY SPOTLIGHT
Ruby Tuesday soars
Shares of Ruby Tuesday soar after the restaurant operator reported better-than-expected quarterly results late Wednesday.
CENTERPIECE
Centerpiece
Floodgates
The biggest star in the bond market, Bill Gross, made a surprise announcement on Friday, Sept. 26, revealing that he was leaving Pimco and moving to Janus. And investors reacted. The most recent data from the Investment Company Institute shows that investors pulled a net total of $21 billion from taxable bond mutual funds in the week ended October 1. That's a spike from a net withdrawal of $35 million in the week prior.
STORY STOCKS
Gap (GPS)
Ruby Tuesday (RT)
PepsiCo (PEP)
Kindred Healthcare (KND)
Apple (AAPL)
Auxilium Pharma. (AUXL)
Impax Laboratories (IPXL)
Zumiez (ZUMZ)
FUND FOCUS
T. Rowe Price International Discovery (PRIDX)
T. Rowe Price International Discovery is commended by Morningstar as a solid fund option given its comparatively low expense ratio and seasoned lead manager.
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MONEY & MARKETS EXTRA
For the week ending Saturday, Oct. 11, 2014
CENTERPIECE
Global outlook
Anxiety about a slowing global economy weighed on the stock market Tuesday. Here's a snapshot of International Monetary Fund's latest economic growth projections for several economies around the world.
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