US stocks flat after mixed goods report

Written By Unknown on Rabu, 27 Februari 2013 | 23.48

US stocks have opened essentially unchanged after a mixed report on durable goods orders.

Five minutes into trade, the Dow Jones Industrial Average rose 3.87 points (0.03 per cent) to 13,904.00.

The broad-based S&P 500 edged lower by 0.45 point (0.03 per cent) to 1,496.49, while the tech-rich Nasdaq Composite Index rose 0.42 (0.01 per cent) to 3,130.07.

The trading came after durable goods orders for January sank by 5.2 per cent because of a big drop in aircraft orders.

However, excluding transportation orders, which can be volatile month-over-month, new durable goods orders were up 1.9 per cent, almost double the increase in December.


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