America

Rise In Orders For Durable Goods Lifts Spirits On Wall Street

This just in from Bloomberg News:

"U.S. stock futures pared losses, erasing most of a 1.4 percent decline, as a bigger-than-expected increase in orders for durable goods offset concern yesterday's rally went too far, too fast."

Translation: Wall Street may have an OK day. The futures are signalling that the market's likely to head higher.

The news on orders for durable goods orders comes from the Census Bureau, which says they went up 4 percent in July from June. As The Associated Press says, "orders for aircraft and autos" led the way.

Tuesday on Wall Street, stocks "posted their biggest jump in nearly two weeks."

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.