Business News

Retail Sales Fell

The Commerce Department says retail sales fell 0.1%. That is a three month decline. In February, auto sales fell 0.9%, service stations declined 1.2%, receipts at clothing stores gained 0.4% and sales at online retailers surged 1.0%.

The Labor Department said U.S. producer prices increased 0.2% in February. The year-on-year increase in the PPI is 2.8%.

According to the Mortgage Bankers Association interest rates for home loans have risen each week this year. A drop in refinances last week kept mortgage application volume basically unchanged from the previous week.
The refinance share of all mortgage applications fell to 40%, the lowest since 2008.

Is the Nasdaq finally at new highs? The Nasdaq has had a great year, up nearly 9%. The issue is the strong performance has many saying tech and the Nasdaq are potentially in bubbles. Here's the catch, if you adjust for inflation, the Nasdaq only recently surpassed the record set in 2000. Maybe it isn't as extended as many claim? (LPL)

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


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