The University of Michigan's index of consumer sentiment fell in November, but remains at its second-highest level of the year. The index stands at 97.8 which is off from October which was 101.1, the highest level since 2004. The report supports a forecast of personal consumption spending rising 2.7% in 2018.
Nordstrom had a third quarter profit of 67 cents per share, and revenue came in slightly above forecast. Same store sales were down a 1%, with Nordstrom pointing too negative impacts caused by hurricanes. (CNBC)
In November 2016 Columbia Sportswear relocated 50 employees to their new downtown Portland offices. Now the company is mulling the idea of closing that office. Confrontations with transients and frequent car break-ins are to blame. (Oregon Live)
There were approximately 2.9 million nonfatal workplace injuries and illnesses reported by private industry employers in 2016, a rate of 2.9 cases per 100 full-time equivalent workers, according to the U.S. Bureau of Labor Statistics.
GE is cutting their dividend in half from 24 to 12 cents per share.
The S&P 500 is down 6 and the NASDAQ is down 19. The MSCI international index is lower.
Oil is up 10 cents at $56.83 a barrel.
Gold is up $5 at $1279 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.