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Stocks were lower yesterday as investors remain on edge about the trade war with China and the potential for impeachment.


The number of people who applied for jobless benefits in mid-September rose slightly — largely reflecting a General Motors worker strike in Michigan — but the level of new “claims” nationwide remained near a 50-year low.
 
An index of pending home sales increased 1.6% in August, following July’s decline.  This is only the third month this year in which contract signings have risen.  The highest gain occurred in the West, where the pending home sales index rose 3.1% from July.

 

Beyond Meat shares rallied 11.6% after global fast food giant McDonald’s announced plans to try their plant-based burgers in Canada. The 12-week trial will begin Sept. 30 and be marketed as the P.L.T., short for plant, lettuce, and tomato.

 

The connected fitness company Peloton Interactive went public yesterday and investors weren’t buying.  The shares dropped over 11% in their first trading session as investors seem to be shunning these growth at all cost companies in favor of companies actually making money.
 
With Northwest Quadrant Wealth Management, I'm Tyler Simones
 

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