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Markets close higher

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Published: June 27, 2012 at 6:23 PM

NEW YORK, June 27 (UPI) -- U.S. markets closed 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.

By close of trading on Wall Street, the Dow Jones industrial average added 92.34 points, 0.74 percent, to 12,627.01. The Standard & Poor's 500 index gained 11.86 points, 0.9 percent, to 1,331.85. The Nasdaq composite index added 21.26 points, 0.74 percent, to 2,875.32.

On the New York Stock Exchange, 2,403 stocks advanced and 666 declined on a volume of 3.1 billion shares traded.

The 10-year benchmark treasury note rose 3/32 to yield 1.622 percent.

The euro fell to $1.247 from Tuesday's $1.2496. Against the yen, the dollar rose to 79.74 yen from Tuesday's 79.51 yen.

In Tokyo, the Nikkei 225 index climbed 0.77 percent, 66.50, to 8,730.49.

In London, the FTSE 100 index added 1.41 percent, 76.96, to 5,523.92.

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