WRAPUP 1-US June durable goods orders rise, beat forecast

Newswire

WASHINGTON, July 27 (Reuters) - U.S. manufacturers got good news on Wednesday after government data showed orders for durable goods rose unexpectedly last month, while a key proxy for business spending also rallied sharply. The Commerce Department said demand for long-lasting goods gained 1.4 percent in June. It also revised May's already-strong reading to show a 6.4 percent jump compared with a previously reported 5.5 percent rise. Wall Street had forecast a 1.0 percent decline in ...

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