U.S. stocks open higher Monday in wake of durable-goods-orders data

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U.S. stocks opened modestly higher Monday, extending last week’s big gains, as investors weighed fresh economic data showing orders for durable goods in May were stronger than forecast. The Dow Jones Industrial Average DJIA, -0.26% was up 0.2% soon after the opening bell, while the S&P 500 SPX, -0.32% was climbing 0.3% and the Nasdaq Composite COMP, -0.68% was showing a 0.5% gain, according to FactSet data, at last check. New orders for manufactured durable goods rose 0.7% in May, up in seven of the last eight months, the U.S. Census Bureau said Monday. Economists polled by the Wall Street Journal had forecast a 0.2% advance in May. The S&P 500 climbed 6.5% last week, its largest weekly gain since late May.

This article was originally published by Marketwatch.com. Read the original article here.

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