Orders for US durable goods increased 4.0% in July, mostly as a consequence of higher demand for autos and commercial aircraft, the government declared Wednesday.
Yet orders for a large amount other durable goods decreased, mirroring persistent softness in extensive swaths of the US economy.
Economists reviewed by MarketWatch had anticipated orders for US-made products designed to most recent at least three years to climb by 2.5%.
Orders not including defense gained 4.8%.
Orders for transportation soared 14.5%, mostly as a consequence of a spring back in airline and auto sales. A sharp rise in orders at Boeing (NYSE:BA) sent bookings of commercial aircraft 43.4% higher.
And orders for autos rallied 11.5%, the major gain in over eight years. Carmakers were able to situate more models on their showroom floors as parts scarcity associated to the Japanese earthquake most recent spring eased.
Exclusive of transportation, however, US orders for long-lasting goods increased a much slighter 0.7%.
Percentage Change Readings illustrated that all the sectors gained for the day with the positive change in between 0.00% and +2.00% except Cons. Non-Cyclical Sector which was the only sector with negative reading of -0.70%.
Top Three Performers:
Capital Goods Sector added +1.96%, 45.00% companies in this sector rose more than +2.00% while 5.00% companies dropped below than -2.00%, rest stayed in between them.
Among the Bullish Stocks, Dycom Industries, Inc. (NYSE:DY) gained +15.47% to close at $15.97, whereas among Bearish Stocks, Harbin Electric, Inc. (NASDAQ:HRBN) declined -6.93% to close at $17.20 and Deere & Company (NYSE:DE) stayed high among the Highly Traded Stocks with the overall traded volume of 5.58 million shares which was below its average volume of 6.35 million shares.
Utilities Sector gained +1.52%, 39.00% companies in this sector gained more than +2.00% whereas none of them declined below than -2.00%, all other remained in between them.
Among the Positive Percentage Changes, Crosstex Energy, Inc. (NASDAQ:XTXI) remained on top with the advanced change of +7.54% to close at $9.41, whereas among Negative Percentage Changes, Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) remained on top with the declined change of -2.70% to close at $5.05 and The Southern Company (NYSE:SO) stayed high among the Highly Engaged Stocks with the total traded volume of 7.93 million share beating the average volume of 7.17 million shares.
Conglomerates Sector moved up +1.47%, 36.00% companies in this sector advanced more than +2.00% whereas 6.00% companies fell below than -2.00%, all other remained in between them.
Among the Percentage gainers, Temple-Inland, Inc. (NYSE:TIN) remained on top with increased intraday change of +6.66% and the last trade recorded was at $22.75 whereas among Percentage losers, none of them slipped for the day and General Electric Company (NYSE:GE) stayed high among the Most Actives with the total traded volume of 65.33 million shares less than its average volume of 82.50 million shares.
Top Performing Industry:
Regional - Mid-Atlantic Banks Industry of the Financial Sector remained Performance Leader among the industries with the percentage change of +8.39% where its composite value stands at 654.00 points.
The Top performing Stock of this industry was Severn Bancorp, Inc. (NASDAQ:SVBI) with the positive change of +24.90%.
Source:galaxystocks