The S&P 500, Dow Jones, the Nasdaq and the small cap Russell 2000 hit their all-time peaks simultaneously yesterday for the first time since December 31, 1999. This comes as companies ended a five-quarter profit growth decline. (Bloomberg)
Since Trumps election, the average 30-year fixed rate home loan has risen roughly 0.5%. That puts this November as one of the four worst months in more than a decade. A 30-year fixed rate now stands at 4.125%. (Mortgage Daily News)
The fallout from their scandal of opening two million fraudulent accounts to increase sales continues. Wells Fargo has been hit with new management restrictions by the Office of the Comptroller of the Currency. The bank is now required to get approval before making some business decisions or giving out executive severance packages. (Zacks)
Jack In The Box reported a quarterly profit of $32 million. The burger chain posted sales of $398.4 million. Jack In The Box shares are up 33% in 2016. (AP)
Hormel, makers of Spam and Skippy peanut butter have sold its Farmer John and Saag’s Specialty Meats brands to Smithfield Foods for $145 million in cash. (WSJ)
S&P 500 is up 2 and the NASDAQ is up 6. MSCI International Index is up.
Oil is down 20 cents at $48.00 a barrel.
Gold is up $6 at $1215 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.