Posted: Jan 28, 2013 6:47 AM by Associated Press
NEW YORK (AP) - Stocks are rising with investors getting a peek into the health of the U.S. manufacturing sector.
The Dow Jones industrial average rose 70 points to 13,895 and the Nasdaq added 1 point to 3,152.
The Standard & Poor's 500 shed less than a point to 1,502 after closing at a five-year record on Friday.
U.S. companies placed more orders for long-lasting manufactured goods in December, a good sign for the economy heading into 2013.
Orders for durable goods increased 4.6 percent, the Commerce Department said Monday, driven by a 10 percent gain in aircraft orders.
Also on Monday, Caterpillar beat Wall Street expectations when a new purchase in China is discounted.
Shares of the manufacturer rose 3 percent in morning trading.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at email@example.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
Get deals up to 80% off here!
Find the lowest gas prices in your area
Submit your photos to KSBY
Check out our calendar of events
Watch Daybreak Web Videos in full
Save with Hot Deals across our counties!
Events across the Central Coast
Follow The CW5 on Facebook.
The KSBY online public file.
What do you think? Leave us your feedback.
KSBY is your official CA Lottery station for San Luis Obispo and Santa Barbara Counties