Just two days left in November and we are on pace for the best month for the Dow and S&P 500 since March. The Dow is on track for its fifth-ever monthly gain of 1,000 points or more. (CNBC)
Online sales rose 11.5% on Thanksgiving Day, to $1.93 billion. Wednesday's online sales shot up 19% year-over-year, to $1.57 billion. The National Retail Federation predicts holiday sales will increase 3.6%, to $655.8 billion. Online sales are expected to increase 11% to $91.6 billion. (Adobe Digital Insights)
This could be a game changer in the media world. AT&T is launching its DirecTV Now streaming television service on November 30th. “The price will be $35 per month for 60 channels and $70 for 120 channels. AT&T's mobile customers will be able to stream DirecTV Now service without using their data plans. (NY Times)
The US dollar is reaching generational highs. The dollar index, which tracks our currency relative to six other major countries, hit a nearly 14-year peak yesterday. (CNBC)
Allstate has inked a deal to buy privately held third-party warranty provider SquareTrade for $1.4 billion. The deal is anticipated to close in January 2017.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.