Stocks rose yesterday, moving closer to record highs as trade and earnings optimism lift Wall Street sentiment.
Boeing stock continued to slide yesterday and this morning after explosive messages last week revealed a top pilot had concerns about a system on the 737 Max that was later implicated in two fatal crashes. Several Wall Street analysts also downgraded Boeing, fretting about the fallout from the crisis that has barred the manufacturer from delivering its best-selling planes that make up around 40% of its profit.
Oregon’s jobless rate was 4.1% in September, the 35th consecutive month it has been at or near the lowest point on record. And the state is enjoying exceptional income growth. Yet new data out this past week show employment growth has slowed to a crawl. The Oregon Employment Department reported the state added just 200 jobs in September. This slowing isn’t necessarily bad news by itself – slower growth is inevitable after any long period of economic expansion. And Oregon’s current expansion is among the state’s longest on record.
Yesterday Facebook announced that they removed networks tied to Russia and Iran from its services as it launches new features designed to make posts related to the upcoming 2020 U.S. presidential election more transparent. The company said it removed three networks of fake accounts and pages tied to Iran and another network with links to Russia’s Internet Research Agency, the group that was accused of using Facebook and other websites to interfere with the 2016 U.S. presidential election.
With Northwest Quadrant Wealth Management, I'm Tyler Simones