Labor Department says the economy lost 33,000 jobs in September. Unemployment rate fell to 4.2%.
The S&P 500 has closed at record highs six straight days, its longest run since 1997. It is also on an eight-session win streak, its longest in more than four years. If it rises for a ninth straight day, it would be the longest win streak since November 2004. (CNBC)
Beneficial State Bank is merging with Portland-based Albina Community Bank. Beneficial State has owned a majority share of Albina since 2013. Beneficial State Bank is based in Oakland, Calif. with branches in California, Oregon and Washington and a second administrative office in Portland. It is a certified B Corporation, who’s goals are to promote social justice and environmental sustainability. (PBJ)
U.S. factory orders increased by 1.2% in August, driven by strong gains in aluminum and other metals, industrial machinery and autos. U.S. manufacturing is benefiting from a stronger dollar and an improving global economy. Orders for metals rose 1.2% and industrial machinery orders rose 11.5%. (FBN)
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With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.