S&P 500 hits highs after Factory Orders stronger than expected

theflyonthewall.com

The index is up over 0.65% at time of writing, nearing the highs of the session following a smaller than forecast drop in Factory Orders for August. All sectors are green, with the exception of Technology which is showing slight weakness, hurt by Hewlett-Packard, IBM, and Microsoft among others. Resistance is now at 1467.07. Support is at 1457.14.

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