Business News

Happy New Year!

Could this be the death rattles? According to The Wall Street Journal Sears has not run a paid national television commercial since late November. That compares to $8.4 million it spent a year earlier for the Sears brand and $6.5 million for Kmart.

Nordstrom stock was upgraded to "neutral" from "underweight" at JPMorgan Chase.  It says Nordstrom's had a strong finish to 2017 and the best holiday season in three years.

Today marked the first time since January 2014 that both West Texas crude and Brent Oil opened the year above $60 a barrel. The price of oil collapsed from almost $120 a barrel in June 2014 due to weak demand, a strong dollar and booming U.S. shale production. (CNBC)

The Nasdaq was up nearly 30% in 2017 and has posted 14 months of essentially uninterrupted gains. But there's one more record to add to the books: the technology-heavy index posted its sixth straight positive year, its longest annual string of gains since its six-year streak ended in 1980. (CNBC)

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

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