Business News

The Brexit Rally?

Call it the Brexit rally?  The S&P 500 will open at record highs this morning, after Friday's strong rally on the stronger-than-expected June jobs report. (CNBC)
Alaska Airlines is one of eight airlines that could make flights between the U.S. and Cuba. They could begin Cuban flights as early as this fall. Others are American Airlines, Delta Air Lines, Frontier Airlines, JetBlue Airways, Southwest Airlines, Spirit Airlines and United Airlines. These flights will only be available from airports in Atlanta, Charlotte, Fort Lauderdale, Houston, Los Angeles, Miami, Newark, New York City, Orlando, and Tampa. (PBJ)
The June jobs report says wage growth hit 2.6% for the past year, the highest level since the Great Recession. (US Dept. of Labor)
We have heard about this countries impact on business a lot lately. Kimberly-Clark is shutting down its operations in Venezuela due to a slumping economy, which has resulted in significant consumer inflation as well as goods shortages. (CNBC)
S&P 500 is up 5 and the NASDAQ is up 20.  MSCI International Index is up over 1%.
Oil is down 32 cents at $45.09 a barrel. U.S. crude suffered its worst week since February last week, tanking more than 7%. The average price of gas has dropped 7 cents over the past three weeks to $2.29 per gallon. That is 52 cents lower than a year ago. (Reuters)
Gold is down $1 at $1358 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

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