US stocks rose for a second day after orders for durable goods unexpectedly advanced in July and analysts said new investments by Fannie Mae and Freddie Mac will boost their earnings.

The S&P 500 added 10.15 points, or 0.8 percent, to 1,281.66, with 9 of its 10 main industry groups gaining. The Dow Jones Industrial Average climbed 89.64, or 0.8 percent, to 11,502.51. The Nasdaq Composite Index increased 20.49 to 2,382.46.

(Bloomberg.com)