Finally, some volatility
Finally, some volatility. After 15 consecutive days without a S&P 500 closing up or down 0.5% (the longest streak since 1969), volatility came back in a big way with an 1.8% drop on Wednesday. This was only the second 1% drop this year and it was the worst one-day drop since September. (LPL Research)
In the radio world – Pandora is in active talks with SiriusXM about being bought by the satellite radio company. (New York Post)
About-face! IBM a pioneer of remote work, is giving thousands of its work-from-home employees in the U.S. a choice this week: Abandon your off-site workspaces and relocate to a regional office, or leave the company. (WSJ)
Big green, big boy toy maker, Deere saw earnings per share to rise 7.7% to $1.68, with revenue growing 3% to $7.32 billion. Agriculture and turf sales grew 1%, construction and forestry sales climbed 7%. Deere profits and revenues have been in a slump since 2014, which the company has attributed to a weak global agricultural economy. Deere says it is starting to see signs of a rebound in some markets hard hit by low crop prices. (Reuters)
Join us this weekend for Financial Focus Radio when we will talk about –“Has the Trump rally ended?”
The S&P 500 is up 6 and the NASDAQ is up 20. The MSCI international index is up.
Oil is up 59 cents at $49.94 a barrel. Oil is on track for a second week of gains. (Reuters)
Gold is up $1 at $1253 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.