SmarTrend Mid-Day Recap: July 28, 2010 - Durable Goods Orders Fell 1% in June

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Uploaded by on Jul 28, 2010

The major U.S. equity indices are trading mixed Wednesday following a disappointing report on durable goods. The Commerce Department said that durable goods orders fell 1% in June, short of the 1% increase that economists had expected. Excluding the transportation sector, orders fell 0.6%. Investors will look towards the Federal Reserves' beige book for more answers over the economy. The beige book assesses the state of the economy by region. In corporate news, Sprint Nextel (NYSE:S) shares are trading 2.80% higher at $4.97 after the company announced that it added subscribers during Q2 for the first time in three years. The Dow Jones Industrial Average (DJI) is trading 0.01% higher at 10,538.60, the S&P500 (INX) is trading 0.20% lower at 1,111.63, and the Nasdaq Composite (IXIC) is trading 0.48% lower at 2,277.29.

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