US Stocks edged slightly lower yesterday after Federal Reserve Chairman Jerome Powell reiterated the central bank's wait-and-see approach in congressional testimony. The Fed boss's comments come as some economic data have pointed to slower US economic growth.
Consumer confidence surged in February and rose for the first time in 4 months, a sign that Americans have regained optimism after the recovery in the US Stock market, the end of the government shutdown and diminished worries about a recession. The consumer confidence index climbed to 131.4 this month, economist has forecast a 124.7 reading.
Shares of Home Depot fell yesterday, after the home-improvement retailer reported fiscal fourth-quarter earnings and revenue that were weaker that expected. The company blamed poor weather for 4th quarter comp weakness, along with foreign-exchange rates and price deflation.
Traveling to the Hawaiian Islands could soon be easier - and less expensive. Southwest Airlines has been running test flights to the islands as part of its approval process with the FAA to expand routes there. The budget airline's entrance into the market could lead fares to the state to decrease by 30% across all carriers. Southwest said it will offer low cost flights to the islands by the end of 2019.
With Northwest Quadrant Wealth Management, I'm Tyler Simones