durable goods news stories on Newser

Dow Up 4 Despite Strong Housing Data

Nick McMaster — Wed, 26 Aug 2009 15:33:51 CDT

Stocks barely eked out gains today, as positive reports on housing and durable goods orders failed to excite investors, the Wall Street Journal reports. New-home sales rose 9.6% in July, beating expectations, while inventories dropped to the lowest level since April 2007. The Dow closed up 4 points at...

Stocks Up on Jobs, Durables

Kevin Spak — Thu, 28 May 2009 08:45:13 CDT

Stocks headed higher at the open today, after a pair of promising economic reports. The Dow added 75 points, while the Nasdaq and S&P rose 1.1% and 1% respectively. Durable goods orders rose 1.9% last month, and new jobless claims fell 13,000 last week; both numbers beat...

This Rally May Be the Real Deal

Clay Dillow — Thu, 26 Mar 2009 09:07:27 CDT

The tentative rally on Wall Street is reason enough for one economist to feel hopeful: "I’m ready to take another shot at calling the bottom," writes Michael Mandel in BusinessWeek. Since (apparently) bottoming out March 9, stocks have risen 20%, and the reasons behind the climb are genuine. Better policy,...

Dow Wavers, Finishes Up 90

Nick McMaster — Wed, 25 Mar 2009 15:07:32 CDT

Stocks wavered today, with the indices posting gains but off session highs, the Wall Street Journal reports. A rise in durable-goods orders stoked an early rally, but enthusiasm was tempered by weak demand for US Treasuries in an auction. The Dow dipped into losses in the afternoon, but closed up...

Stocks Up on Durables Report

Kevin Spak — Wed, 25 Mar 2009 08:45:08 CDT

Stocks switched back into climbing mode this morning, after a better-than-expected durable goods report. The Dow rose 76 points, bolstered by GE's 4% surge, while the Nasdaq and S&P each gained about 1%. Durable goods orders rose 3.4% in February, defying analyst expectations of a 2% decline. But one...

Dow Gains 49 Before Holiday

Nick McMaster — Wed, 24 Dec 2008 12:34:32 CST

Stocks posted modest gains today amid light holiday trading, the Wall Street Journal reports. Drops were reported in orders for durable goods and consumer spending, but they were smaller than expected. The Dow closed up 48.99 points at 8,468. The Nasdaq gained 3.36 points to settle at...

Market Opens Down on Grim Spending Data

Kevin Spak — Wed, 26 Nov 2008 08:58:02 CST

Wall Street’s three-day revival screeched to a halt this morning, as the Dow opened down 136 points following a grim consumer spending report. Personal consumption fell 1% in October, the fastest consumers have slammed the brakes on spending in 7 years, the Wall Street Journal reports. Orders for durable goods...

Stocks Climb Nearly 200 Points

Nick McMaster — Thu, 25 Sep 2008 15:15:39 CDT

Stocks rallied this afternoon on news that lawmakers had reached a consensus on the Wall Street bailout plan, MarketWatch reports. Optimism proved infectious as GE rose 6.26% despite cutting an earnings estimate earlier today. The Dow climbed 196.89 points to 11,022.06. The Nasdaq gained 30.89...

Durable Goods Key Solid Gains

Nick McMaster — Wed, 27 Aug 2008 15:28:39 CDT

Stocks gained today as the markets embraced a positive report on durable goods and discounted a rise in oil as merely a short-term threat posed by Tropical Storm Gustav, MarketWatch reports. The Dow climbed 89.64 to 11,502.51, the Nasdaq gained 20.49 to close at 2,382....