It only seemed like the world was ending. Today marks 29 years since the October 1987 stock market crash, which saw the Dow plunge 22%.
U.S. consumer prices rose 0.3% in September as the cost of gasoline and rents jumped. But underlying inflation showed signs of moderating amid a slowdown in the pace of increases in healthcare costs. The year-on-year increase in the core CPI was 2.2% through September. (Reuters)
The National Association of Home Builders Housing Market Index fell 2 points in October to 63. Anything above 50 is considered positive sentiment. Builder confidence stands at its second-highest level in 2016. Shortages of lots and labor continue to be a concern, as those have driven costs higher. (CNBC)
Oregon’s largest employer and the world's largest chipmaker, Intel, reported its strongest quarterly growth in nearly five years in the third-quarter. Total profits climbed 9.1%. Intel is in the middle of a transition, reducing its dependence on the fading PC market. Sales from the data center business, which offers storage and cloud-based software services, rose 9.7% from a year earlier. Revenue from the company's PC business, which accounts for over half of Intel's total revenue, rose 4.5%. (AP)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.