January 28, 2013 at 17:00 PM EST
Durable Goods Orders Increase on Uptick in Aircraft Orders
Today was another day that saw some minor weakness in the morning only to have buyers show up in the afternoon to finish the day flat to slightly higher. In the morning US durable goods orders showed a 4.6% increase month-to-month in December better than the 2.0% economist estimate. The large move was due to a substantial increase in aircraft orders while the rest of the report showed minor improvement. The pending home sales index was released later in the morning showing a large decline in December from November. The average economist estimate forecast no change month-to-month but the ...
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