April 25, 2012- Stocks Trade Higher After Apple Results

Stock futures are pointing to a higher start as fueled by Apple earnings. While Euro debt issues persist and US Durable Goods data declines. New orders for U.S. durable goods fell at the fastest rate in several years in the month of March, according to figures released Wednesday by the Commerce Department. Advance estimates of new durable goods orders for the month came in at $202.6 billion, a 4.2 percent decrease from February levels. The drop reflected the largest monthly decline since January of 2009. Most economists had expected durable goods orders to fall from February levels but generally expected a much less severe drop of around 1.5 percent. The vast majority of the decline in durable goods orders can be traced to the transportation sector and specifically to orders for civilian aircraft and parts.