First trading day of 2017, but let’s look back one more time at 2016. The NASDAQ was up 7.5% for the year and the S&P500 was up 9.54%. The small cap Russell 2000 jumped a whopping 19.48% and the international index fell 1.88%. The 10-year Treasury bond climbed 0.18% to close the year at 2.45%. (Bloomberg)
U.S. Steel will restart production at an idled plant and call back about 202 employees from layoff. It will restart the Keetac plant in Keewatin, Minnesota, more than 18 months after the company idled the facility. The Bloomberg Americas Iron/Steel Index soared 86% in 2016. Its biggest annual rise since 2003. (Bloomberg)
An Oregon business icon has passed. Bill Danner, the namesake of the Portland-based boot manufacturer died Christmas Eve. He was 97. He and his brother took over the struggling Danner Shoe Mfg. Company in 1945 from their father. Bill Danner bought out his brother's stake selling the brand in 1983 to businessman Eric Merk. In 1994, LaCrosse Footwear bought Danner and Japanese ABC-Mart bought the businesses in 2012. Danner still operates out of its Portland headquarters. (OregonLive)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.