In a quiet week with few major economic reports, our Quad-City Times Key 15 finished with a small 5.32 point retreat to end at 2,253.19 (1).
With quarterly corporate earnings reports mostly behind investors, attention turned to speculation over the politicking and possible revisions needed to see passage in Washington, D.C., of any tax simplification or tax reduction proposals.
Most contributing to the upside in our Key 15 index were gains in Macerich Company, owners of NorthPark and SouthPark malls in the Quad-Cities, which climbed 9.99 to 64.38, and also in the shares of Kraft Heinz, which pushed ahead 1.72 to 79.72 (1).
Restraining the Quad-City Times Key 15 were setbacks in FedEx, which fell 6.08 to 218.10, and in the shares of 3M retreating by 4.78 to close at 227.44 (1).
Just ahead and just in time for our holiday shopping comes the latest tally of retail sales by the U.S. Commerce Department. That Wednesday release will tell us what product sectors and store classifications saw the best growth in October, as the nation continues to recover from September hurricanes. Merry shopping ahead.