Stocks kept the positive momentum, finishing higher for a third straight session as investors cheered a rise in durable goods orders. The Commerce Department reported orders for manufactured goods meant to last three or more years climbed 4% in July from an upwardly revised 1.3% fall the prior month. The increase came on robust demand for aircraft and motor vehicles. Google has agreed to a $500 million settlement with the U.S. Department of Justice for illegally allowing online Canadian pharmacies to advertise drugs to U.S. consumers. Technology stocks edged higher, powered by gains in shares of Oracle and Hewlett-Packard. IDC reported that total revenue for the worldwide server market totaled $13.2 billion in the second quarter, up 18% from the year-earlier period. Apple slumped in the evening trade after the resignation of Steve Jobs, the co-founder and head of the co.
Thursday, August 25, 2011
Another strong finish
Stocks kept the positive momentum, finishing higher for a third straight session as investors cheered a rise in durable goods orders. The Commerce Department reported orders for manufactured goods meant to last three or more years climbed 4% in July from an upwardly revised 1.3% fall the prior month. The increase came on robust demand for aircraft and motor vehicles. Google has agreed to a $500 million settlement with the U.S. Department of Justice for illegally allowing online Canadian pharmacies to advertise drugs to U.S. consumers. Technology stocks edged higher, powered by gains in shares of Oracle and Hewlett-Packard. IDC reported that total revenue for the worldwide server market totaled $13.2 billion in the second quarter, up 18% from the year-earlier period. Apple slumped in the evening trade after the resignation of Steve Jobs, the co-founder and head of the co.
