US orders for durable goods increase 3.4%

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Source: Marketwatch
Durable goods orders made in the United States rose 3.4% in April, whereas analysts polled by MarketWatch expected to see the 0.9% increase on a seasonally adjusted basis. New trucks, cars and commercial jets contributed most to the following growth. In the meantime, the previous month's durable goods orders were revised up from 1.3% to 1.9%.


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Thu, 26 May 2016 14:57:05 GMT

US stocks open in green on Thursday

US equity markets opened slightly advanced on Thursday, following the better-than-expected data on durable goods orders and initial jobless claims. At the open of the North American trading session, Standard & Poor's 500 Index grew 0.06% to 2,091.70 points. Meanwhile, the Dow Jones Industrial Average Index added 0.09%, opening at 17,868.25, and the Nasdaq Composite Index gained 0.08%, starting at 4,898.80 points.

Thu, 26 May 2016 13:33:05 GMT

US initial jobless claims fall more-than-expected

On Thursday, fresh figures from the Department of Labor showed that the number of people applying for unemployment benefits for the first time during the week ended May 21 dropped to 268,000, following the 278,00 reading seen in the previous seven days and the 275,000 market forecast. It was the 64 consecutive week since initial jobless claims remained below the 300,000 level.

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