NFIB’s Small Business Economic Trends Survey saw the 17th consecutive month of historically high readings in April. Never in the history of this survey have we seen profit trends so high. The optimism small businesses owners have about the economy is turning into new job creation, increased wages and benefits, and investment.
Congressional Quarterly reported the US Department of Agriculture proposed a rule which would mandate labeling of foods that “contain genetically modified crops or ingredients.”
Ford plans to resume production of the F-150 pickup truck on Friday. F-150 plants stopped production last week because of parts shortages caused by a fire at a factory of a key supplier. (CNBC)
Xerox has dumped its planned $6.1 billion deal with Japan’s Fujifilm. Fujifilm said it was considering its options, including legal action to seek damages. (Reuters)
Walmart may take India-based e-commerce company Flipkart public in four years. Walmart announced last week it would pay $16 billion for a 77% stake in Flipkart. (CNBC)
S&P 500 is up 6 and the NASDAQ is up 16. The MSCI international index is higher.
Oil is up 12 cents at $70.82 a barrel.
Gold is down $2 at $1320 a Troy ounce.
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.