Author: Elena Todorova
123jump.com
Last Update: 10:19 AM EDT July 27 2006

In economic news, the Department of Labor said that jobless claims fell unexpectedly to 298,000 from last-week revised figure of 305,000. Economists had expected jobless claims to rise to 310,000. In another report, the Department of Commerce said that durable goods orders rose 3.1% in June following a revised 0.3% increase in May. Economists had expected orders to increase by about 1.9%.