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Through Friday we have seen the following move in world stock markets for 2017 (NASDAQ).

Mexico - +19%
Emerging Markets - +18%
France - +17%
Europe - +10%
Nasdaq 100 - +17%
S&P 500 - +7%
Russell 2000 - +2%

Consumer prices rose 0.2% in April after dropping in March. Energy prices rose 1.1%. Over the past 12 months, inflation is up 2.2%. (Labor Department)

The University of Michigan's Consumer Sentiment Index finished April with a reading of 97, up from 89 for the same month a year ago. (CNBC)

Retail sales rose 0.4% in April, missing consensus expectations of 0.6% growth. The pattern appears to be increasing spending on experiences, such as dining and entertainment, rather than goods. More spending is moving to online. (LPL Research)

Apple has issued $7 billion in corporate bonds, according to the Securities and Exchange Commission. Apple has been using debt to pay shareholders while holding most of its $256 billion in cash overseas to avoid repatriation taxes. Since Apple launched its shareholder-return program in 2012, its long-term debt has risen from zero to nearly $85 billion.

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

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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.