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U.S. stocks open higher after durable-goods orders stronger than expected

Clyde Edgerton by Clyde Edgerton
June 27, 2023
in Markets
U.S. stocks open higher after durable-goods orders stronger than expected
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U.S. stocks opened higher Tuesday as investors weighed fresh data showing durable-goods orders in May were stronger than expected. The Dow Jones Industrial Average
DJIA,
+0.34%
was up 0.1% soon after the opening bell, while the S&P 500
SPX,
+0.41%
rose 0.3% and the Nasdaq Composite
COMP,
+0.53%
climbed 0.4%, according to FactSet data, at last check. New orders for manufactured durable goods jumped 1.7% in May, rising for a third a straight month, the U.S. Census Bureau said Tuesday. Economists polled by the Wall Street Journal had expected a decline of 0.9%.

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