US markets turn higher

U.S. markets turned higher Wednesday after the Commerce Department said durable goods orders rose 1.1 percent in May. The gain was higher than expected and showed some resilience in the manufacturing sector, which has recently posted some negative numbers in regional reports. In midmorning trading on Wall Street, the Dow Jones industrial average added 89.65 points, 0.72 percent, to 12,624.32. The Standard & Poor's 500 index gained 10.62 points, 0.8 percent, to 1,330.72. The Nasdaq composite index added 20.66 points, 0.72 percent, to 2,874.72. The 10-year benchmark treasury note fell 2/32 to yield 1.638 percent. The euro fell to $1.2468 from Tuesday's $1.2496. Against the yen, the dollar rose to 79.77 yen from Tuesday's 79.51 yen. In Tokyo, the Nikkei 225 index climbed 0.77 percent, 66.50, to 8,730.49.