Business News

Lumpy Market

Stocks pause after back-to-back weekly gains. After rebounding from October's volatility spike over the past two weeks, investors used negative headlines tied to a few bellwether firms in the U.S., along with political tensions in Europe and Washington as reasons to take some gains off the table. (LPL)

 

Emerging markets equities have started to show some signs of life, having bounced nicely off of the 10/29 lows (+6.8%, slightly ahead of the S&P 500 Index). (LPL)

 

Oil struggling after plunging 7 percent yesterday, with surging supply and perceived falling demand. WTI has lost over a quarter of its value since early October. (Reuters)

 

Small business owners delivered another near record month of optimism in October. The index shed a modest 0.5 points for a 107.4 reading. Meanwhile, the percent of owners with one or more unfilled job openings was at a 45-year, all-time high level. (NFIB)

 

Kellogg is selling its Keebler, Famous Amos and fruit snacks businesses. It is consolidating its morning foods, snacks and frozen foods business units.  (CNBC)

 

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

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