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It was the calmest three weeks ever for stocks. You would never know it by reading the headlines, but the S&P 500 was in the midst of the calmest three-week period ever. In fact, during the past 15 trading sessions, ending 8/9/17, it had closed between 0.3% and -0.3% every single time. That has never happened in the history of the S&P 500 and the previous record was 10 back in 1969. The S&P 500 was down 1.45% yesterday. (LPL Research)

Producer prices fell in July by 0.1%, the biggest drop in 11 months. In the last 12 months PPI increased 1.9%. Last month, prices for services fell 0.2%. That accounted for more than 80% of the decrease in the PPI. Energy prices fell 0.3%, declining for a third straight month. Food prices were unchanged in July. (AP)

Jack In The Box reported a quarterly profit of $36.4 million. The burger chain had sales of $357.8 million in the period. Jack In The Box shares have declined 15% since the beginning of the year. (AP)

Portland, Oregon-based Electro Scientific Industries reported quarterly profits of $2.9 million, after reporting a loss a year earlier. The semiconductor testing equipment maker posted sales of $72.7 million in the quarter. Electro Scientific Industries shares are up 43% since the beginning of the year. (AP)

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.