US Stocks Turn Higher; MAKO Surgical Shares Surge On Acquisition News
Benzinga | Sep 26, 2013 12:45AM ET
Midway through trading Wednesday, the Dow traded up 0.16 percent to 15,359.38 while the NASDAQ surged 0.27 percent to 3,778.27. The S&P also rose, gaining 0.19 percent to 1,700.70.
Top Headline
AutoZone (AZO) reported a were mixed today. The Spanish Ibex Index surged 0.84 percent, while Italy's FTSE MIB Index rose 0.14 percent. Meanwhile, the German DAX dropped 0.02 percent and the French CAC 40 fell 0.01 percent while U.K. shares declined 0.27 percent.
Economics
The MBA's index of mortgage application activity climbed 5.5% in the week ended September 20, versus a rise of 11.2% in the week ended September 13.
US durable-goods orders rose 0.1% in August, while core durable-goods orders fell 0.1% in the month.
US new home sales climbed 7.9% to an annual rate of 421,000 in August. However, economists were projecting sales to rise to a rate of 420,000 in August.
Crude stockpiles increased 2.6 million barrels for the week ended September 20, the US Energy Information Administration reported. However, analysts were expecting a fall of 1.5 million barrels.
BY Jake L'Ecuyer
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