Industrials Up After Durable-Goods Orders - Industrials Roundup
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Dow Jones
Shares of industrial and transportation companies rose after strong factory data.
Orders for durable goods rose 0.7% in April, marking the third straight monthly gain, the Commerce Department said.
Fears that a resurgence in economic growth and inflation would cause the Federal Reserve to indefinitely postpone rate cuts have waxed and waned all week.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
May 24, 2024 17:24 ET (21:24 GMT)
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