The major indices extend their gains on a better-than-expected economic release. April factory orders rose 1.1%, after increasing 1.5% in March. The result was better than the expected a decline of 0.1%. Orders increased 2.6% when excluding transports. Importantly, this report does not indicate an economy that is in a recession. Eight of the ten economic sectors are posting a gain. Materials (+1.0%) saw a surge in buying interest on the report.