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Stocks are higher this morning following yesterday's tech-driven drop. The Nasdaq is coming off its biggest one-day decline since August 17th, even as the small-cap Russell 2000 posted a record closing high. The Dow is riding a three-day losing streak, and a decline today would give it its first four-day decline since late June. (CNBC)

Highlighting this week's calendar, a more detailed tax framework will be released by the Big Six (key Republican tax policy players), and details are already trickling out. The path to an agreement was always going to be difficult, but we have seen nothing so far that suggests a deal cannot be reached. The biggest stumbling block remains getting a 2018 budget deal done, without which tax law changes become virtually impossible. (LPL Research)

Welders at Precision Castparts in the Portland have voted to join the International Association of Machinists and Aerospace Workers. The vote impacts about 100 employees. 54 voted to join the union, and 38 voted against. (OregonLive)

Nestle set an operating profit margin target of 18.5% by 2020 and also will speed up stock buybacks. The company has been under pressure from activist investor Third Point to improve its performance. (FT)

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

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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.