U.S. stocks higher as data, forecasts raise hopes

Newswire

(Updates to late morning, changes byline) By Elizabeth Lazarowitz NEW YORK, Sept 26 (Reuters) - Stocks extended their gains in late morning trade on Thursday after unexpectedly upbeat economic data and a sprinkling of positive forecasts from corporate America comforted investors unnerved by weeks of bad news. A triple dose of economic data took the edge off fears over the pace of the economic recovery. Orders for durable goods dipped in August, but the drop was much smaller than ...

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