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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Oct 27, 2021
Page
8
The Commerce Department releases its monthly durable goods orders tally with economists predicting a 1 percent drop in September after a rise last month. Despite fluctuations orders for durable goods show a generally rising trend this year amid supply chain strain and worker shortages.
Wall Street expects another solid 250 snapshot with higher earnings and revenue from McDonald's in the third quarter. Analysts note gains from reopened dining rooms and new items like the crispy chicken sandwich in the United States and the McSpicy in Australia and the United Kingdom.
IT and health care names helped lift U S stocks with major indexes climbing to new highs. The S P 500 hit a fresh intraday high while the Dow edged higher. Medpace Holdings rose after reporting strong third quarter results, closing at 213.02 with a sizable gain.
The Kansas Supreme Court heard whether a district court abused its discretion in a pivot on whether county law applying to mask mandates should stand. Justices debated mootness and the emergency powers of counties versus school districts amid the pandemic, with attorneys arguing about the clock on challenges and the legislature’s broad authority.
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