This morning's durable goods report - the report regarding the investment companies make in capital assets like machinery, equipment and the like - showed that for the third time in four months, businesses were getting more optimistic about investing in capital assets. The AP recount of the report says that "The 4.1 percent increase to capital goods in August signaled a rebound in business spending after orders fell 5.3 percent in July." As a result, the S&P 500 is up about 1.60% on the strength of the report.
It's hard to read too much into daily economic reports because each one measures a drastically different area of an incredibly large U.S. economy and because we're so often given conflicting reports about what the actual state of the economy is. Suffice it to say, the news is getting better, albeit slightly, so going into your weekend, remain optimistic that the economy is one step closer to picking up steam.