While you were sleeping: Durable goods orders rebound

Thu, 25 Feb 2016

By Margreet Dietz Feb. 26 (BusinessDesk) - Wall Street climbed after a better-than-expected report on US durable goods orders bolstered sentiment about the nation’s economy, outweighing a fresh decline in energy stocks with oil prices. A Commerce Department report showed orders for durable goods jumped 4.9 percent in January, after a 4.6 percent drop in December, helping to alleviate concerns about the country’s manufacturing industry. Separately, a Labor Department report showed jobless claims rose 10,000 to a seasonally adjusted 272...

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