Stock futures climb after manufacturing report
NEW YORK (AP) — Stock futures are extending their gains after a report showed orders for manufacturing goods aside from the volatile transportation sector rose sharply last month.
Stripping out transportation, durable goods orders rose 2 percent last month. That’s twice as fast as economists forecast. Orders fell 1.3 percent last month including transportation orders.
Major indexes were already set to restart a rally Friday after a surprise jump in business confidence in Germany tempered renewed worries about Europe’s economy.
Dow Jones industrial average futures are up 89, or 0.8 percent, at 10,695. S&P 500 futures are up 10.20, or 0.9 percent, at 1,131, while Nasdaq 100 futures are up 20, or 1 percent, at 2,001.
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