Stocks Stay Afloat After Fed Comments

Boeing (BA Quote) fell 7% after Goldman Sachs downgraded the stock to sell. Honeywell (HON Quote), Textron (TXT Quote) and others in the defense space fell alongside Boeing.

On the data side, the Commerce Department said durable-goods orders were unchanged in May, whereas economists were looking for a decline of 0.5%. The U.S. Census Bureau and the Department of Housing and Urban Development also released May new-home sales. The government found that, as expected, new single-family homes sold at a seasonally adjusted annual rate of 512,000, down from 525,000 in April.

Stocks in the homebuilding space were generally upbeat. Lennar (LEN Quote) and NVR (NVR Quote) were gaining ground.

Treasury prices were on the decline. The 10-year note fell 9/32 in price to yield 4.12%. The 30-year was down 10/32 to yield 4.66%. The dollar was losing ground against the euro and holding steady against the yen.

Abroad, markets were also climbing. London's FTSE added 0.6%, and Frankfurt's DAX gained 1.3%. The Paris Cac jumped 1.4%. In Asia, Japan's Nikkei lost 0.1%, and Hong Kong's Hang Seng was up 0.8%.