News Column

Futures Pointing To Continued Strength On Wall Street

May 27, 2014

WASHINGTON (Alliance News) - After turning in a strong performance last week, stocks may see some further upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 66 points.

Early buying interest may be generated by the release of a report from the Commerce Department showing an unexpected increase in US durable goods orders in the month of April.

The report said durable goods orders increased by 0.8% in April after surging up by an upwardly revised 3.6% in March.

The continued growth came as a surprise to economists, who had expected orders to drop by 0.7% compared to the 2.9 jump that had been reported for the previous month.

Excluding an increase in orders for transportation equipment, durable goods orders edged up by a more modest 0.1% in April.

Not long after the open, the Conference Board is scheduled to release a separate report on consumer confidence in the month of May. Economists expect the consumer confidence index to edge up to 83.0 in May from 82.3 in April.

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Alliance News

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters