Business News

Home Depot Rocks It!

U.S. stocks have been flat this morning, after the Dow surged over 1% yesterday. The S&P 500 and the Nasdaq both broke a three trading session losing streaks. (CNBC)

It may or may not be the good spring weather but consumers are feeling more optimistic in May. The Index of Consumer Sentiment hit 95.8 this month the highest level since last June. (CNBC)

Home Depot posted quarterly profits of $1.8 billion up 14% over the same period a year earlier. Sales jumped 9% to $22.8 billion.  The company raised its forecast for the rest of the year and now projects a sales increase of 6.3%. The average Home Depot customer spent $60.03 in the quarter, up 2.4% from a year earlier. Sales per square foot rose 6.5% to $376.73. (USA Today)

It is called talking your book.  Trying to get other people to do your bidding to make millions. George Soros, who's been warning a 2008-type financial crisis could be repeated due to China's economic slowdown, has disclosed he's doubled his wager against the S&P 500 in the first quarter, while turning upbeat on gold. (Reuters)

MSCI International Index is flat.

Oil is up 17 cents at $47.89 a barrel.

Gold is up $1 at $1276 a Troy ounce.

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

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