US industrial production was unchanged in October per the Federal Reserve. Manufacturing output increased 0.2% and mining posted a 2.1% gain, the biggest jump since March 2014. Capacity utilization edged down 0.1% to 75.3%.
Homebuilders have a positive outlook of the market. Homebuilder sentiment held steady in November at 63 per the National Association of Home Builders. A lack of skilled labor, has builders paying more and delivering homes slower. Of the index's three components, buyer traffic rose 2%, current sales conditions were unchanged, and six month sales expectations fell 4%.
Wal-Mart reported quarterly sales that were hurt by food deflation. Same store U.S. sales rose 1.2%. Profits declined fell 8% $3.03 billion. Sales revenue rose 0.5% percent to $117.2 billion. Online sales growth increased 20.6% quarter over quarter. (Reuters)
The average cost of this year's Thanksgiving dinner for 10 is $49.87, a 24-cent decrease from last year's average of $50.11. A 16-pound turkey, the biggest single ticket item in the meal, averaged a total of $22.74. (Farm Bureau)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.