Surprise Increase in US Durable Goods Orders Sends Dow Up 1.3%

Surprise Increase in US Durable Goods Orders Sends Dow Up 1.3%

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stocks graph shows gainsA rise in orders for long-lasting goods like cars and aircraft in July eased fears that the U.S. was headed for another recession.

US stocks rose for a third straight day, up 1.3%.

Overall orders for durable goods rose 4% last month, biggest increase since March, the Commerce Department said Wednesday. Demand for autos and auto parts jumped 11.5%, the most in eight years.

 

(READ both the AP stories in the USA Today)

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