Business News

The Consumer Confidence Index hit 104.1 in September. Consumers are more upbeat about the short-term employment outlook, but somewhat neutral about business conditions and income prospect. Overall, consumers continue to rate current conditions favorably and foresee moderate economic expansion in the months ahead. (The Conference Board)

Orders for U.S. capital goods other than aircraft rose for a third straight month in August increasing 0.6%. Business spending has contracted since the fourth quarter of 2015, in part as companies slashed capital spending budgets in response to lower oil prices. (Commerce Department)

PepsiCo, which makes everything from Pepsi soda to Cheetos to Gatorade and Quaker Oats reported quarterly profits increased 4%. Revenue fell 2% to $16.03 billion, the seventh straight quarter of declining sales. North American sales climbed 3% to $5.52 billion. (Investor Business Daily)

ConAgra Foods, the maker of Chef Boyardee, Hebrew National hot dogs and other packaged foods reported quarterly profits of $186.2 million. The company had sales of $2.67 billion. (AP)

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

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