Business News

Coming Off Record Closes

The S&P 500 and Nasdaq are coming off record closes on Friday. The major averages have posted weekly gains for each of the past three weeks. But markets are under pressure as the government shutdown enters its third day.  (CNBC)

Electro Scientific Industries, Oregon's oldest tech company, says sales in the latest quarter were between $106 million and $111 million. That's a more than 200% increase from a year earlier. The stock is up 319% in the past year. (OregonLive)

The University of Michigan says U.S. consumer sentiment fell in the January to 94.4.  Seventy-percent of consumers said the impact from the new tax reform law would be positive.

The U.S. could be the world's leading energy producer according to the International Energy Agency. Growth should see the U.S. hit historic highs above 10 million barrels a day (in production) during the course of 2018.

Amazon Go an automated grocery store, will launch today. The store is billed as a game changer for grocery and retail with "no lines, no checkouts, no registers." (CNBC)

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

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