Mark Levin

ON AIR NOW

Mark Levin

3:00pm - 6:00pm

Contact
Business News


Durable goods orders fell 0.7% in April. The downturn was the first since durable goods orders fell 4.6% in November 2016. Orders for transportation equipment fell 1.2% pulled down by a 9.2% drop in orders for civilian aircraft. (Commerce Department)

Gross domestic product increased at a 1.2% annual rate in Q1. That was the weakest performance since the first quarter of 2016 and followed a 2.1 percent rate of expansion in the fourth quarter. There are signs GDP growth regained speed early in the second quarter. (Commerce Department)

The S&P 500 Index traded for the 100th day of 2017 last Thursday. For the year it is up 7.9% and has made 19 new all-time highs. That is the most all-time highs as of day 100 since 1999. What does a good start to the year mean? Since 1950, there were 23 other years the S&P 500 Index was up 7.5% or more as of day 100 and the rest of the year it was higher 20 of those times with an average return of 9.0% the rest of the year. The full year return those 23 years was 23.4%. (LPL Research)

Shareholders approved the merger of Bend-based Bank of the Cascades with First Interstate Bank of Billings, Montana. The merger will be completed today. (Bulletin)

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

Hide Comments

News
Traffic

 

 

  • Hwy 20, Santiam Pass, 1-mile East of Suttle Lake to ORE 22 junction, up to 20 min DELAYS, Paving and Striping. 9am-5pm through 10/17
  • NE 3rd Street between NE Greenwood Avenue and NE Franklin Avenue for Citywide Pedestrian Safety Improvements, periodic lane closures with local access, 9/16/19 - 10/25/19, night work from 10 p.m. - 10 a.m.
  • 61st St CLOSED between Young Ave & Canal Blvd as part of the “Six Corners” Improvement (through 11/8)
  • SE 3rd between Hwy 97 and Murphy Road CLOSED 8pm – 5am (8/25-10/18)

 

 

KBND ON FACEBOOK
 
FOLLOW US ON TWITTER