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Financial News: Stocks
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• Stocks jump after durable goods report despite rising oil (USA Today)
Stocks turned sharply higher Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods that indicated the economy is stronger than expected. The Dow Jones industrial average rose about 100 points, but the advance came in light trading, which tends to exaggerate price moves.
• Strong data, financials drive stocks higher (Reuters via Yahoo! News)
Stocks rose on Wednesday as surprisingly strong data on durable goods orders soothed some concern about the sluggish economy while Fannie Mae and Freddie Mac led a rally in financial shares.
• Stocks rise on strong U.S. data, financials (Reuters via Yahoo! News)
U.S. stocks rose on Wednesday as surprisingly strong data on durable goods orders soothed some concern about the sluggish economy while Fannie Mae and Freddie Mac led a rally in financial shares.
• Most Japan Stocks Fall on Bankruptcy Concern; Acom Surges (Bloomberg.com)
Aug. 28 (Bloomberg) -- Most Japan stocks fell on concern more real estate companies will go bankrupt and shipping lines declined on a sixth-straight drop in cargo fees for commodities.
• Stocks turn higher following durable goods report (AP via Yahoo! News)
Stocks rose moderately Wednesday after the government reported a larger-than-expected increase in orders for big-ticket manufactured goods, offsetting some unease about a rise in oil prices.
• Asian Stocks Rise on U.S. Durable Goods Orders; BHP Advances (Bloomberg.com)
Aug. 28 (Bloomberg) -- Asian stocks rose for a second day, led by mining companies and banks, after U.S. orders for durable goods unexpectedly advanced in July and concern eased that credit-market losses will widen.
• Stocks gain on durables (CNN Money)
Stocks rallied Wednesday, with financial services companies among the big gainers, as investors shrugged off higher oil prices and instead focused on a surprisingly strong reading on durable goods orders.
• Asia Markets: Tokyo reverses gains, as Sydney stocks rally (Market Watch)
HONG KONG (MarketWatch) -- Asian markets were mixed Thursday, with Australian stocks climbing on resource shares like BHP Billiton as crude-oil prices edged higher. Japanese stocks reversed early gains as exporters and real-estate shares dropped on concerns about a slowing global and domestic economy.
• Stocks fluctuate as oil prices rise (AP via Yahoo! News)
Stocks fluctuated in a narrow range early Wednesday as rising oil prices again limited the market's reaction to upbeat economic data.
• Stocks open flat after durable goods orders rise (AP via Yahoo! News)
Stocks are little changed in early trading as rising oil prices are again limiting the market's upbeat reaction to economic data.
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