Stocks Rise in Short Trading Day (Bloomberg)
U.S. stocks rose during a shortened trading session today, extending records, due in part to forecast-beating data for durable goods orders and new home sales. ???General economic conditions are showing a sustainable recovery pattern,??? Eric Teal, chief investment officer at First Citizens BancShares Inc. in Raleigh, North Carolina, said. ???I think we???ll continue to grind higher through year-end and we anticipate that the fourth-quarter earnings outlook will be positive as well.???