Mark Levin


Mark Levin

3:00pm - 6:00pm

Business News

The Dow Jones posted its fourth straight weekly gain last week. But the S&P 500 and Nasdaq broke their win streak, with the tech laden Nasdaq down 2.7% percent for the week. (CNBC)

The world bond markets have been getting routed since the election, as bond mutual funds marked their heaviest outflows in three and a half years. For the week bond mutual fund outflows totaled $4.4 billion. That means your investment in bonds may be taking a hit. (Reuters)

Big Lots reported third-quarter profits of $1.4 million, after reporting a loss last year. The discount retailer had sales of $1.11 billion. Big Lots shares are up 32% in 2016. (AP)

This is one reason we think the Dow is a flawed index. The Dow Jones Industrial average has gained about 1,200 points over the past month. Almost half that increase has been because of just three stocks. Those are Goldman Sachs up 26.5% over the past month and has added about 320 points to the Dow. UnitedHealth, up 15.7% and has added 150 points onto the 30-stock index. Caterpillar's up 17.3% adding 95 points to the Dow.  Their contribution is oversized due to their high share prices. The Dow is a price-weighted index, hence the move by a $223 share of Goldman Sachs impacts the Dow by almost 10 times more than the same percentage-sized move in $29 stock like Cisco. (CNBC)

S&P 500 is up 10 and the NASDAQ is up 21. MSCI International Index is up 0.69%.

Oil is up 37 cents at $52.17 a barrel.

Gold is down $7 at $1171 a Troy ounce.

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

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  • 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.