Low Durable Goods Orders Not Affecting US Stock Futures

U.S. stock futures rose this morning (9/24) despite a bigger-than-expected drop in U.S. durable-goods orders as euro zone concerns eased up following an unexpected spike in German business sentiment, according to The Wall Street Journal.

Dow Jones Industrial Average futures were +115 points at 10721 in recent trading, while Standard & Poor's 500 futures climbed +12 points to 1132 and Nasdaq Composite futures advanced 22 points to 2003. Earlier, Dow futures had been up +59 points, S&P 500 futures were up +6 points and Nasdaq futures had risen 16 points.

Demand for U.S. manufactured durable goods decreased more than expected in August, mostly held back by steep drops in airplanes and cars. Durable-goods orders declined by 1.3% to a seasonally adjusted $191.17 billion, the biggest drop since August 2009.

Still to come: new-home sales data, due at 10 a.m., EDT.

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