U.S. stocks rose yesterday, putting the S&P and the Nasdaq on track for a third straight day of gains, as investors weighed conflicting data on the U.S. economy with concerns tied to the U.K.’s exit from the European Union.
Shares of Boeing fell again yesterday, after President Trump executed an executive order grounding all 737 Max planes. The drop has erased roughly $41 billion in market value from the aviation and defense giant's shares since last Friday. Trump said the grounding would be temporary but didn't specify when it would be lifted.
Orders for long-lasting durable goods rose in January for the third month in a row and business investment posted the biggest increase since last summer, indicating a key segment of the economy is still expanding at a steady if unspectacular pace.
Spending on U.S. construction projects in January posted the biggest gain in nine months, as strength in nonresidential construction and government projects offset continued weakness in home construction. The Commerce Department says that construction spending rose 1.3 percent in January following two months of declines. It was the biggest gain since construction spending rose 1.7 percent in April.
With Northwest Quadrant Wealth Management, I'm Tyler Simones