Seeking Alpha

Stocks poised for higher open after durable goods data

  • Stock futures suggest solid gains at the open after data showed durable goods orders rising more than expected; S&P and Dow +0.4%, Nasdaq +0.5%.
  • Hopes for measures that could boost China’s economy and speculation of more moves by the European Central Bank also are driving gains.
  • Taking a cue from yesterday's gains on Wall Street, Asian stocks finished mostly higher although the Shanghai Composite pulled back a bit; markets trade broadly higher across Europe.
  • Treasurys trade at session highs as buyers emerged following the durable orders release; the 10-year note is ahead one basis point to ~2.745%.
  • Still ahead: PMI Flash services, EIA petroleum inventories.
Comments (1)
  • PeakOiler
    , contributor
    Comments (298) | Send Message
     
    Dumb headline, implying the number drove the market rise. Futures were up BEFORE the durable goods number.
    26 Mar 2014, 09:23 AM Reply Like
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