December Durable Goods Orders Up More Than Expected...

Orders for durable goods surge 5.2% to a seasonally adjusted $226.60 billion, after rising 0.5% in November. Economists expected orders to rise 2.1%. Orders for non-defense capital goods excluding aircraft increase 4.4% after falling 0.2% in November, while demand for all durables except transportation rise 2.6%.

Stock futures have surged higher on the news.