Business News

Gross domestic product (GDP) in China rose +6.8% in the first quarter. (AP)

China's central bank announced a surprise cut in bank reserve requirements, reducing the amount of cash most commercial and foreign banks must hold in order to pay back loans obtained via the central bank's medium-term lending facility. The move is intended to free up lending for smaller firms. (LPL)

The S&P 500 Index has closed above previous resistance of 2675. The move through this level is noteworthy. Fundamentally, we remain positive on earnings gains propelling market gains in 2018. (LPL)
The Commerce Department said housing starts rose 1.9%. Despite the rebound in homebuilding last month, activity appears to be slowing. Single-family homebuilding, which accounts for the largest share of the housing market, fell 3.7%. (CNBC)

U.S. pork exporters will soon be free to ship meat to Argentina for the first time in 26 years after the two countries thrashed out an agreement to overturn an Argentinian import ban. (Reuters)

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

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