The S&P 500 has posted five straight weekly gains and is on track for a seventh straight positive month. The Nasdaq posted a record closing high Friday. 10% of the S&P 500 reports earnings this week. (CNBC)

Oil is sharply higher as Iraqi forced entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC's second-largest producer. (Reuters)

The University of Michigan consumer sentiment index rose to 101.1 in October. That is its highest level since the start of 2004.

The Commerce Department says U.S. retail sales rose 1.6%. It was the biggest increase in 2 1/2 years.

The Labor Department says the Consumer Price Index jumped 0.5% in September. It was the biggest increase since January.  Year-on-year gain of the CPI is 2.2%. Gas prices surged 13.1% accounting for 75% of the CPI increase. Last month, food prices rose 0.1%, rental accommodations rose 0.2% and new car prices fell 0.4%.

70 days till Christmas and Macy's stores will open at 5 p.m. on Thanksgiving like last year. (CNBC)

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