U.S. stocks were mixed yesterday. The S&P 500 and Nasdaq were higher as a new reading on consumer prices reaffirmed muted inflation risk, while the Dow fell back into the red as declines in shares of Boeing pressured that index.
British lawmakers crushingly rejected Prime Minister Theresa May's deal to quit the European Union yesterday, thrusting Brexit into turmoil just 17 days before the planned departure date. Lawmakers will now vote today on whether Britain should quit the world's biggest trading bloc without a deal, a scenario that business leaders warn would bring chaos to markets and supply chains, and other critics say could cause shortages of food and medicines.
Americans paid more for rent, food, gas and clothes in February, triggering the biggest increase in inflation in four months. But the cost of living more generally is still rising very slowly. The consumer price index climbed 0.2% in February following three straight months of no change, that matched the forecast of economists.
The National Federation of Independent Business said its small-business optimism index inched higher in February after January saw the worst levels since the 2016 presidential election. The optimism index rose 0.5 point to 101.7, with 5 out of the 10 components increasing, led by a 5-point gain in those who expect the economy to improve.
With Northwest Quadrant Wealth Management, I'm Tyler Simones