Investors pulled $11.2 billion from U.S.-based stock funds in the past week, the largest seven-day outflow since January. Exchange-traded funds were responsible for 91% of the stock fund outflows. (Reuters)
April saw the most gun-related background checks of any April on record, making it the 12th month in a row to achieve a high water mark for gun sales. The FBI ran 2,145,865 checks last month. That is a 400,000 increase over the previous record set in April 2014. The trend of record-setting months began last May. The number of background checks is considered a reliable barometer for gun sales as nearly all sales are made through licensed firearms dealers. (Washington Free Beacon)
Alaska Airlines will join the S&P 500 at the start of Friday morning trading. The carrier replaces SanDisk, which is being acquired by Western Digital. (CNBC)
Staples has called off its $6.3 billion buyout of Office Depot, after a federal judge granted the federal government’s request for a preliminary injunction on antitrust grounds. Staples will pay Office Depot a $250 million deal breakup fee. (Reuters)
MSCI International Index is flat.
Oil is up 19 cents at $44.85 a barrel.
Gold is up $14 at $1279 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.