U.S. stocks open modestly higher Monday after durable-goods data, extend last week’s gains

0
20

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, -0.15% was up 0.2% soon after the opening bell, while the S&P 500 SPX, -0.28% was climbing 0.3% and the Nasdaq Composite COMP, -0.51% 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.

Previous articleBookWatch: If employees want to work from home, managers should let them or risk losing top money-making talent
Next articleRobinhood’s stock upgraded on prospects for higher rates

LEAVE A REPLY

Please enter your comment!
Please enter your name here