|Page (1) of 1 - 09/28/11||email article||print page|
Stock market opens higher as durable goods orders come in better than forecast
NEW YORK (AP) ' Stocks are opening higher after a report on U.S. manufacturing came in better than economists expected.
The government said Wednesday that factory orders for long-lasting manufactured goods fell just 0.1 percent in August, a smaller decline than the 0.5 percent drop economists predicted. That reassured investors that the manufacturing industry remains healthy.
In Europe, Finland's parliament approved legislation that will give a rescue fund more powers to fight the region's debt crisis. Germany will vote on the package Thursday.
Shortly after the opening bell, the Dow Jones industrial average is up 103 points, or 0.9 percent, at 11,294. The Standard & Poor's 500 is up 7, or 0.6 percent, at 1,182. The Nasdaq is up 17, or 0.7 percent, at 2,564.