Business News

Trump Rally Keeps Rolling

The Trump rally just keeps rolling. The numbers for February are in and the Dow added almost 4.8%, the S&P 500 climbed 3.7%, and the Nasdaq jumped 3.75%. It was the fourth month in a row all the indices moved higher. (CNBC)

Who said being President was not profitable? Penguin Random House is paying former President Barack Obama  and First Lady Michelle Obama, $65 million for two separately written memoir books.  That sets a new record for U.S. presidential memoirs. (FT)

Costco is expected to raise its membership fees by nearly 10% in the next couple of months. The fee hike could be announced Thursday along with the company's second-quarter earnings report.  The company recently increased its membership fees by 10% in Taiwan, Korea, Japan, Mexico, and the UK. (Business Insider)

Home-improvement retailer Lowe's quarterly profits jumped 34% to 86 cents per share.  That came on sales rising 16% to $15.8 billion. Same-store sales jumped 5.1%. (Investor Business Daily)

Best Buy, the No. 1 U.S. electronics retailer, reported a decline in holiday-quarter same-store sales. Best Buy's same stores sales fell 0.7% in the fourth quarter. Best Buy's net revenue fell 1% percent to $13.48 billion. (Reuters)

S&P 500 is up 17 and the NASDAQ is up 33. MSCI International Index is higher.

Oil is up 25 cents at $54.23 a barrel.

Gold is down $12 at $1242 a Troy ounce.

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

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