U.S. factory orders rose in February for the first time in seven months.
U.S. producers received $352.2 billion US worth of new orders in month two of 2009, an increase of 1.8 per cent month over month.
The majority of economists were wrong and had predicted a smaller gain.
Chart Source: Econoday
Better still, orders for non-defence capital goods moved up by 7.1 per cent.
On the employment front, Challenger, Gray & Christmas Inc. reported that the number of planned job cuts announced in March declined for the second straight month.
Layoff announcements by U.S. employers declined 19.3% from February's 186,350 job cuts, which was also down from the January layoff reports.
The March corporate downsizing figures were the lowest since October.
Chart Source: Calafia Beach Pundit
The flurry of recent good news has the stock market moving higher and Thursday was no exception.
When all you read is gloom, turn here for a much different perspective.