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SmarTrend Midday Market Recap -- August 24, 2011 (DJI,INX,IXIC)
[August 24, 2011]

SmarTrend Midday Market Recap -- August 24, 2011 (DJI,INX,IXIC)


Aug 24, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated August 24, 2011: 1:15 PM ET --- The major U.S. equity indices are mixed today following a larger-than-expected rise in orders for durable goods, despite ongoing concerns about the global economy.

The Commerce Department reported that orders for manufactured goods meant to last three or more years rose 4% in July form an upwardly revised 1.3% fall in the prior month.

Crude-oil futures rose $0.65 to $86.09 a barrel in New York, while gold futures fell 4.9% to $1,771.70 an ounce.


The Federal Housing Finance Agency index said U.S. home prices rose 0.9% in June, but still off 4.3% in the past year.

The Dow Jones Industrial Average (DJI) is trading 0.42% higher at 11,223.91, the S&P500 (INX) index is trading 0.39% higher at 1,166.87, and the Nasdaq Composite (IXIC) is trading 0.07% lower at 2,444.41.

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