DURABLE GOODS JUMPS

This economy continues to show incredible strength considering all the other activities...


Surprise rise in durable goods may help stocks10/29/08 08:44 EDT
By TIM PARADIS
NEW YORK (AP) - A surprise gain on big-ticket manufacturing goods is adding to already upbeat sentiment on Wall Street a day after an enormous surge in stocks. Stocks are poised to open higher.
The Commerce Department reported Wednesday that orders for durable goods - items like cars, appliances and machinery that are expected to last at least three years - rose 0.8 percent in September. Orders had ben expected to fall 1.5 percent.
The report comes as investors are awaiting an afternoon decision on interest rates from the Federal Reserve. The Dow Jones industrial average jumped 889 points Tuesday ahead of the Fed's move, its second-largest point gain.
Dow futures are up 58 at the 9,147 level.