Weak Durable Goods Orders Weighs On Market
The market is opening under a bit of pressure this morning after the durable goods report showed a decline of -0.5%. This is helping push bond yields lower again, with the 10-year falling to 4.55%.
Oil is trading higher, which is pushing up energy stocks for a second straight day. The semis are also getting an early bid.
In other news and notes:
- RHAT gaps down -22% after reporting earnings
- PAYX also lower on earnings report
- DIVX gets a boost from Cramer's comments
- Nikkei rallies +2.5%
- RUTH lowers guidance for Q3
- Judge dismisses part of AMD case against Intel
- RBC raises GILD target to $78, growth accelerating
- Jeffries ups INTC target to $24
- Wedbush raises CROX target to $40
long GILD, INTC