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For a second straight day Tuesday, the Dow, S&P 500, Nasdaq, and the small cap Russell 2000 posted record closes. U.S. stock markets are closed tomorrow for Thanksgiving and will only have a morning trading on Friday. (CNBC)

Bank of the Cascades will cut about 150 jobs by next August as it is bought by First Interstate Bank. The sale is the result of duplicate positions. The deal will close in July 2017, pending approval by regulators. (KTVZ)

Home resales climbed 2% in October to their highest level in more than 9-1/2 years. That is an annual rate of 5.6 million units, the highest level since February 2007. Sales are up 5.9% from a year ago. (National Association of Realtors)

The big green machine, Deere, reported quarterly profits of $0.90 per share crushing what analysts expected, even in the face of a global farming recession. Net sales were down 5% year-over-year to $5.65 billion. “The company in 2016 had one of its ten-best years in both sales and earnings, a noteworthy achievement in light of the difficult business climate," said CEO Samuel Allen in a statement. Deere shares are up 11% in early trading. (Business Insider)

Join us this weekend for Financial Focus Radio as we feast on a holiday week of wealth building tips.

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.
 

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Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

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  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.