Pre-Market Primer: Stocks Point Higher as Durable Goods Orders Blow Past Expectations
Stocks could rise today according to higher futures ahead of the opening bell as government figures show a much bigger than expected rise in capital spending. Durable goods orders rose 4.6% in December 2012 far exceeding expectations. Economists expected non-defense capital goods orders excluding aircraft to rise 2% in December after rising 0.8% in November. Dow (INDEXDJX:.DJI) futures were up 0.13% at 13 830. Futures contracts on the S&P 500 (INDEXSP:.INX) gained 0.15% to 1 488.50 and Nasdaq (INDEXNASDAQ:.IXIC) futures gained 0.17% to 2 732.75. Asian markets were mixed and markets are flat in Europe. The National Association of Realtors ...
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