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US stocks edge up midday on strong durable goods data

US stocks edge up midday on strong durable goods data

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12.05 pm: Nasdaq continues its record run   US stocks struggled to maintain gains in noon trading as stronger-than-expected durable goods orders for July sparked concerns the Federal Reserve will adopt a more hawkish tone. At midday, the Dow rose 115 points to 35,481, while the S&P 500 added 13 points at 4,499 and the tech-heavy Nasdaq edged up 15 points, or 0.1%, to 15,036     “While we’ve seen the progress on the labor market that I think the Fed wanted to see.

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