In the U.S. as major indexes were little changed last week.
Subdued Treasury price changes likely contributed to renewed confidence, as the 10-year yield met resistance just below the key 3% level. European markets were also largely flat on the week, despite a series of economic data points that suggest the economy may be peaking. In Asia, Chinese markets were closed for much of the week following the Lunar New Year; Japan’s Nikkei ended the week modestly in the green. (LPL)
Red Robin reported fourth-quarter profits of $8.8 million, after reporting a loss in the same period a year earlier. The Greenwood Village, Colorado-based company posted revenue of $342.4 million in the period. For the year, the company reported profit of $30 million, on revenue of $1.38 billion. Red Robin shares have dropped 6% since the beginning of the year. (AP)
The Nordstrom family continues work on a deal to take the company private before it reports earnings next Thursday. Reports say Nordstrom has yet to put together a financing package. The family group, owns 31.2% of Nordstrom. (CNBC)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.