Following a downwardly revised 4.3% drop in August, factory orders fell another 2.5% in September, well below the forecast of a 0.8% drop. Ex-transportation, orders were down a weak 3.7%. Details from Bloomberg...
The Dow Jones Industrial Average advanced 305 points (3.3%) to close at 9,625, the S&P 500 Index rose 39 points (4.1%) to 1,006, while the Nasdaq Composite gained 54 points (3.1%) to 1,780. Crude oil jumped $6.62 to $70.53 per barrel, and gold ended up $38.40 at $765.20 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
