Both Dow and the S&P 500 notched their third straight weekly gain and the Nasdaq posted a four-week winning streak last week after the release of strong U.S. consumer data.
Shares of Boeing are higher after Europe’s aviation regulator has declared Boeing’s 737 Max aircraft safe to fly again after it was grounded in March 2019 following two accidents that left 346 people dead.
The preliminary reading of consumer sentiment index edged up to 81 this month from 80 in September, according to the University of Michigan. That’s the highest level since March, just when the pandemic slammed the U.S. but the index remains well below levels seen at the start of this year.
More than 6 million households failed to make their rent or mortgage payments in September, according to the Mortgage Bankers Association, a sign that the economic fallout from the pandemic is weighing on jobless Americans as Congress stalls on relief measures.
With Northwest Quadrant Wealth Management, I’m Tyler Simones.