April durable goods orders beat expectations
The solid advance came after orders for durable goods -- items expected to last at least three years -- edged up 0.2 percent in March, according to the U.S. Commerce Department.
With April's increase, orders for costly manufactured goods have gone up for five straight months. The 1.1 percent increase in durable-goods orders was much larger than many analysts were expecting. They were forecasting a tiny 0.1 percent rise.