Early buying interest may be generated by the release of a report from the
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.
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