Business News

Another Strong Month of Job Growth

Walgreens reported quarterly results as EPS to rose 4% to $1.36, on revenue of $29.5 billion. Same-store sales at U.S. retail pharmacies rose 2.4%. Prescriptions filled at comparable stores climbed 7.9%, and market share widened to 20.4% from 19.4% a year ago. (Investor Daily)


ADP employment report points to another strong month of job growth. ADP, the nation's largest payroll processing firm, says the economy added 263,000 new jobs in March. While the report augurs well for Friday's government employment report. Areas of strength indicated in the report included construction, manufacturing, and small business hiring, a positive sign that a recent surge in business confidence may be flowing through to hiring decisions. Estimates for Friday's jobs report stand at non-farm payroll growth of 178,000 and the unemployment rate holding steady at 4.7%. (LPL Research)


The non-manufacturing sector grew in March for the 87th consecutive month, says the Institute of Supply Management. The index hit 55.2.  Fifteen non-manufacturing industries surveyed reported growth and three industries reporting contraction in March.


Bed Bath & Beyond reported a quarterly profit of $268.7 million. The home goods retailer posted revenue of $3.53 billion.  Bed Bath & Beyond shares have fallen 7% since the beginning of the year. (FBN)


The S&P 500 is flat and the NASDAQ is up 2.  The MSCI international index is flat.


Oil is up 20 cents at $51.33 a barrel.


Gold is up $5 at $1254 a Troy ounce.


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

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