U.S. durable-goods orders surge in March

04/24/2014 | Bloomberg

U.S. orders for durable goods jumped 2.6% in March, with gains broadly based across sectors, the Commerce Department reports. In terms of second-quarter growth, "it sets things up very well," said Robert Stein, deputy chief economist at First Trust Portfolios in Wheaton, Ill. "Business investment will be a solid contributor to growth."

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