BG,
NEW YORK (Reuters) - Stocks jumped on Friday following a government report that showed
new orders of durable goods rose unexpectedly in June, calming worries about the
profit outlook and the economy.
Durable goods orders made during June increased 0.8%, which is better than the
prior increase of 0.1% and the 0.3% downturn that economists forecast.
Other Economic Reports Today:
Michigan Sentiment-Rev. 10:00am(Eastern)
New Home Sales 10:00am (Eastern)
Going with UP on Friday,
have a GREAT weekend,
baz
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"Foreclosures continue to soar, 220,000 homes were lost to bank repossessions
in the second quarter, according to a housing market report Friday issued by RealtyTrac.
That's nearly triple the number from the same period in 2007.
A total of 739,714 foreclosure filings were recorded during that three-month period,
up 14% from the first quarter, and 121% from the same period in 2007. That means that
one of every 171 U.S. households received a filing, which include notices of default,
auction sale notices and bank repossessions.  |