Big rally yesterday as President Trump took jobs action. The S&P 500 and the Nasdaq posted record closes. The Dow finished less than 90 points away from 20,000. (CNBC)
Home resales fell in December by 2.8% from the prior strong month. That is an annual rate of 5.49 million units. Home sales of 5.45 million units in 2016 is the highest since 2006 and up from 5.25 million in 2015. The number of unsold homes on the market fell 6.3% from 2015 to 1.65 million units, the lowest level since 1999. (National Association of Realtors)
The Wall Street Journal exposes more ethical rot at Wells Fargo. It is reporting branch managers were warned at least 24 hours in advance of “surprise” internal inspections.
Boeing reported fourth-quarter profits of $1.63 billion or 2.59 per share. The airplane builder had sales of $23.29 billion in the quarter. Boeing shares are up 3% in 2017 and are up 29% in the last 12 months. (AP)
McDonald's is rolling out a revamped Big Mac tomorrow. To celebrate they will give away 10,000 bottles of the Big Mac Special Sauce at participating locations around the nation. (USA Today)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.