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Today marks the start the year's final week of trading.  To prove you can’t judge a book by its cover 2016 stock markets got off to its worst start in history, but is now on pace to end the year with double-digit gains. (CNBC)

 

During the last days of the holiday shopping season consumers shifted their buying to online sources in record numbers. The primary beneficiary of this trend appears to be Amazon. Slice Intelligence found early online purchases going to the e-commerce giant Amazon with a 36.9% share of the market. Best Buy was second with a 3.9% market share followed by Target, with a 2.9%, Wal-Mart, with a 2.7% and Macy's, with a 2.5%. (CNBC)

 

The Index of Consumer Sentiment hit 98.2 in December. That is up from 93.8 in November. That is its highest level since January 2004. The report says 18% of consumers mentioned an expected favorable impact of Trump's policies on the economy. That's twice as high as the prior peak of 9 percent in 1981 when Ronald Reagan took office. (University of Michigan)

 

S&P 500 is up 1 and the NASDAQ is up 5. MSCI International Index is down 0.35%.  Oil is up 21 cents at $53.23 a barrel. Gold is up $10 at $1143 a Troy ounce. 

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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.