Business News

29 Years Removed from Armageddon

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.

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