Business News

Housing and Inflation See Uptick

The Dow is on pace for a sixth weekly gain in a row. The S&P and Nasdaq are at breakeven for the week. (CNBC)

The National Association of Home Builders Housing Market Index jumped to 70 in December, the highest level since July 2005. Fifty is the line between positive and negative sentiment. It stood at 60 one year ago. Of the index's three components, current sales conditions increased 7 points, sales expectations in the next six months rose 9 points and buyer traffic rose 6 points. (CNBC)

The Consumer Price Index rose 0.2% in November. In the 12 months through November, the CPI increased 1.7%, the biggest year-over-year gain since October 2014. Last month, gasoline prices rose 2.7% and food prices were unchanged for a fifth straight month. Food consumed at home declined for a seventh consecutive month. (Reuters)

Join us this weekend for Financial Focus Radio when we will talk health insurance with our trusted expert Don Klippenes of Health Insurance Strategies.

S&P 500 is up 6 and the NASDAQ is up 11. MSCI International Index is flat.

Oil is up 30 cents at $51.30 a barrel.

Gold is up $6 at $1135 a Troy ounce.

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

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