Durable Goods Report Lit Up Wall Street, But Some Sectors Are Still in Shadow
August 28, 2008
Trader Mark submits:
"Was a sunny day, not a cloud in the sky. Not a negative word was heard." - Paul Simon, Was A Sunny Day
Yesterday’s durable goods report surprised investors by posting a rise of 1.3% in new orders for the month of July. This was way more than the anemic 0.2% expected by economists. Shipments clocked with a robust gain of 2.5%.
Durable Goods Report Lit Up Wall Street, But Some Sectors Are Still in Shadow
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