Markets Lower Over Disappointing Durable Goods Orders

Rising oil prices along with a smaller than expected gain in durable goods orders weighed down the markets during the midday with the Dow tumbling 58 points to 12,339. Nasdaq fell 6 points to 2432 while S&P 500 lost 6 points to 1424. The 30-year bond inched up as the yield eased to 4.801%.