Stocks extend gains following durable goods report (AP)

In this Aug. 19, 2008 file photo of the Chevron Genesis Oil Rig Platform in the Gulf of Mexico near New Orleans, La. Light, sweet crude rose $2.55 a barrel to $118.82 on the New York Mercantile Exchange Wednesday, Aug. 27, 2008, amid continuing concerns that Tropical Storm Gustav might hit Gulf of Mexico installations. (AP Photo/Mary Altaffer, file)AP - Wall Street turned sharply higher Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy is stronger than expected. The Dow Jones industrial average rose 100 points, but the advance came in light trading, which tends to exaggerate price moves.

Original post by AP

Leave a Reply

You must be logged in to post a comment.