US Stocks hit record highs yesterday and saw their fourth straight gain as a so-called phase one trade deal between China and the U.S. clears the path higher for Wall Street to end a banner year.
Home builders are closing out 2019 more optimistic than they’ve been in decades. The National Association of Home Builders’ monthly confidence index increased five points to 76 in December from an upwardly revised 71 the month prior. December’s figure represents the highest index reading since June 1999.
The US Composite Purchasing Managers Index rose in December, edging up for a second straight month. The improvement signaled the fastest rate of expansion of the combined manufacturing and service sectors since July, driven by the strongest inflows of new business seen over the past five months.
The Boeing board is going to temporarily shut down 737 production in Renton, Washington starting in January. Boeing will keep the 737 MAX assembly lines closed until the Federal Aviation Administration (FAA) clears the jet to return to commercial service, which is currently expected around mid-February or early March. Shares of Boeing are sharply lower on the news.
With Northwest Quadrant Wealth Management, I'm Tyler Simones.