NEW YORK - Stocks are surging at the open after news that orders for manufactured goods excluding the volatile transportation sector rose sharply last month.
Stripping out transportation, durable goods orders rose 2 percent last month. That's twice as fast as economists forecast. Orders fell 1.3 percent last month including transportation orders.
Major indexes are also resuming a rally Friday after a surprise jump in business confidence in Germany tempered renewed worries about Europe's economy.
The Dow Jones industrial average is up 97, or 0.9 percent, at 10,759. The S&P 500 is up 11, or 1 percent, at 1,136, while the Nasdaq composite is up 27, or 1.2 percent, at 2,354.
Friday
October 11th, 2024
6:25AM
