Good News Drives Stocks Forward

Stocks had another good day today as durable orders rose a solid 1.1% which was over the .5% that the street expected.  Durable goods orders are fro those products that are expected to last over three years and a strong improvement like that is a very positive sign and portends well for future manufacturing here.  In addition, pending home sales in May rose 5.9% versus the .5% expected.  This too is a very positive reading and stock traders exulted on the news.  With all this news the Dow rose 92 points.