Business News

NWQ AM Financial News

Stocks and crude oil tumbled last week, and havens including the Yen and Treasuries jumped, as fears deepened about the rising impact of the deadly coronavirus.
 
U.S. private sector companies indicated a faster expansion of business activity in January, with the pace of growth accelerating to a ten-month high. The upturn was driven by a sharper increase in service sector output, as growth of manufacturing production was unchanged. Adjusted for seasonal factors, the  Purchasing  Manufacturers Index posted 53.1 in January, up from 52.7 in December, to indicate the quickest rise in output since last March.
 
US Stocks had their first negative week of the year last week.  The sell-off was triggered by fears China’s coronavirus will spread outside its borders and impact the world economy.  Investors are also focused on other factors in the coming week— the Federal Reserve’s meeting Tuesday and Wednesday and earnings reports from 135 S&P 500 companies including Apple.

Intel crushed revenue expectations for the fourth quarter by about $1 billion and sent its stock to a new post-dot-com-boom high, but the company didn’t get a ton of credit from analysts.  Intel remains a controversial name on Wall Street as the chip giant deals with production challenges and tougher competition from Advanced Micro Devices.

 

With Northwest Quadrant Wealth Management, I'm Tyler Simones.

On Air Now

America in the Morning
5:00am - 6:00am
America in the Morning

FlashAlert

KBND ON FACEBOOK

News Disclaimers