Stocks Up on Jobs, Durables

By Kevin Spak,  Newser Staff
Posted May 28, 2009 8:45 AM CDT
Traders gather at the post that handles MGM on the floor of the New York Stock Exchange Thursday, May 14, 2009.   (AP Photo/Richard Drew)
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(Newser) – Stocks headed higher at the open today, after a pair of promising economic reports. The Dow added 75 points, while the Nasdaq and S&P rose 1.1% and 1% respectively. Durable goods orders rose 1.9% last month, and new jobless claims fell 13,000 last week; both numbers beat analyst estimates. Trading was halted on GM shares, after bondholders struck a new deal with the company.