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Strategies & Market Trends : Graham and Doddsville -- Value Investing In The New Era
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To: Freedom Fighter who wrote (1354)2/25/1999 8:20:00 PM
From: porcupine --''''>  Read Replies (2) of 1722
 
Durable goods orders, existing-home sales rise

WASHINGTON (WSJ) - Durable-goods orders jumped by an unexpectedly
strong 3.9% in January to their highest level on record, powered by
an outsized, 15.4%, surge in transportation orders. Excluding demand
for transportation goods, factory orders still rose 0.4%, suggesting
that the manufacturing sector may be in a rebound as it managed to
build on December's impressive, 3.4%, growth. The signs of
manufacturing strength were joined Thursday by strong housing data,
as the National Association of Realtors said sales of existing
single-family homes in the U.S. rose 0.8% in January to a record
seasonally adjusted annual rate of 5.07 million.

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