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Stocks higher after durable goods report

June 27, 2012|By Andrew Tangel
  • Stocks rose in early trading on Wall Street.
Stocks rose in early trading on Wall Street. (Richard Drew / Associated…)

Stocks moved higher in early trading on Wall Street following a report showing an increase in orders for durable goods.

The Dow Jones industrial average was up 84 points, or 0.7%, to 12,618 shortly after the opening bell.

The broader Standard & Poor's 500 Index was up 11 points, or 0.8%, to 1,331.

The Nasdaq was up 20 points, or 0.7%, to 2,874.

The U.S. Commerce Department reported new orders for durable manufactured goods rose $2.3 billion, or 1.1%, to $217.2 billion in May.

The increase comes after two straight months of decreases.

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