Business News

Commodities Rebound from a Bad Week

It is holiday central in the world today. U.S. stocks are trading normally, but the bond market is closed for the Columbus Day holiday. Stock markets in Japan and Hong Kong were closed today due to a public holiday. (CNBC)

Third quarter earnings season kicks off Tuesday with Alcoa.  Then kicks into high gear the rest of the week.  Most notably on Friday we get the big banks, including JPMorgan Chase, Wells Fargo and Citigroup. (Seeking Alpha)

Donald Trump in the debate last night made the incorrect claim the United States economy is enduring the "slowest growth since 1929."  While the U.S. economy is currently growing slower than it did following World War II or the late 1990s, it has not shrunk in the last few years, as it did several times since 1929. The U.S. economy has contracted in eight individual years since 1930. Most recently it shrank in 2009. (Commerce Department/CNBC)

S&P 500 is up 12 and the NASDAQ is up 24. MSCI International Index is up.

Oil is up 57 cents at $50.38 a barrel. Oil finished three straight weeks of gains as WTI peaked above $50 per barrel.  

Gold is up $9 at $1261 a Troy ounce. Gold posted its worst week since 2013, down 4.5% for the week. Silver posted its biggest weekly drop in more than three years last week, down 8.5%.

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

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