It is Inauguration Day! Stock market are open today so free markets and democracy are the call of the day.
December housing starts leapt 11.3% to an annual rate of 1.23 million units. November's starts were revised up to a 1.10 million-unit rate. (Commerce Department)
Americans filing initial claims for unemployment benefits fell last week by 15,000 to 234,000 for the week. Claims for the previous week was 249,000. (Labor Department)
General Electric reported fourth-quarter profits of 46 cents per share on sales of $33.1 billion. Oil and gas revenue fell 22%, power systems revenue rose 20%, renewable energy revenue jumped 29%, and aviation rose 7%. (IBD)
Procter & Gamble, maker of Tide and Pampers reported profits of $7.88 billion, or $2.88 per share. Up from $3.21 billion, or $1.12 per share, a year earlier. P&G had sales of $16.85 billion. The company has been focusing on core brands, and sold 41 of its brands last year, including Clairol and Covergirl brands. (Reuters)
Join us this weekend for Financial Focus Radio when I will talk to our tax guru Greg Fowler and trusted insurance advisor Don Klippenes.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.