US Stocks traded higher last week with the Dow crossing 29,000 intra-day for the first time ever. The Dow first crossed 28,000 just 37 trading days ago.
The US economy added 145,000 jobs in December, capping a decade of solid job creation. The US economy has added over 2 million jobs per year for the last 10 straight years. The government’s monthly jobs report, released Friday by the Bureau of Labor Statistics, also showed that the nation’s unemployment rate remains unchanged, at a 50-year low of 3.5 percent.
After announcing last month that a phase one trade agreement with China would be signed this Wednesday January 15, Trump said in an interview last Thursday that the deal could now be signed “shortly thereafter,” and all signs still point to a resolution at some point this week.
Ford Motor's China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market. The U.S. automaker delivered 146,473 vehicles in China in the fourth quarter, down 14.7% year-on-year.
With Northwest Quadrant Wealth Management, I'm Tyler Simones