The first six months in the books. It was a solid start to the year, with the S&P 500 up 8.2%, the best start to a year since 2013. The year is going down in history as one of the least volatile starts to a year ever. The largest pullback has been only 2.8%–which is the second smallest first-half of the year pullback ever. Also, only four days have closed up or down 1% or more–the last time that happened was in 1972. (LPL Research)
Factories expanded as the Institute for Supply Management manufacturing index rose to 57.8. The ISM index now stands at its highest level since August 2014.
Fifteen of 18 manufacturing industries in the survey posted growth in June, including the furniture, machinery, fabricated metals, petroleum and coal sectors. (AP)
Construction spending in May was flat. Spending was at an annual rate of $1.23 trillion. (Commerce Department)
A new report by Fidelity Investments says the average women investors performed better than men by 0.4%, in 2016.
California owned winery Ponte Family Estate has acquired Sherwood based Hawks View Cellars which was founded in 2007. Terms of the deal were not disclosed. (PBJ)
The S&P 500 is up 3 and the NASDAQ is up 6. The MSCI international index is higher.
Oil is down 52 cents at $46.55 a barrel.
Gold is up $2 at $1231 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.