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WEDNESDAY, NOVEMBER 25, 2009
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Stocks Up on Durables Report

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(Newser) – Stocks switched back into climbing mode this morning, after a better-than-expected durable goods report. The Dow rose 76 points, bolstered by GE's 4% surge, while the Nasdaq and S&P each gained about 1%. Durable goods orders rose 3.4% in February, defying analyst expectations of a 2% decline. But one economist urged caution. “It is much less impressive than it looks at first sight,” he said. “It cannot possibly last.”

Traders work on the floor at the New York Stock Exchange in New York Monday, March 23, 2009.
Traders work on the floor at the New York Stock Exchange in New York Monday, March 23, 2009.   (AP Photo/Seth Wenig)
Michael J. Sollitto, Specialist for Bank of America, and Traders work on the floor at the New York Stock Exchange in New York Monday, March 23, 2009.
Michael J. Sollitto, Specialist for Bank of America, and Traders work on the floor at the New York Stock Exchange in New York Monday, March 23, 2009.   (AP Photo/Seth Wenig)
Traders work on the floor at the New York Stock Exchange in New York, Tuesday, March 24, 2009.
Traders work on the floor at the New York Stock Exchange in New York, Tuesday, March 24, 2009.   (AP Photo/Seth Wenig)
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