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On Wall Street, however, disappointment over durable goods order was compounded by quarterly results that included a subscriber slump at AT&T and a weak profit forecast from Procter & Gamble.
private capital investment figures among durable goods order data for April, market analysts said.
The new homes sales report was exactly what the market needed to turn things around after this morning's disappointing durable goods order report from the Commerce Department.
WASHINGTON, June 25 (KUNA) -- US durable goods orders recorded an increase in May which was led by the increase in transportation equipment, official data showed Tuesday.
And, excluding transportation, total durable goods orders rose 1.
The Commerce Department said that durable goods orders increased 0.
Excluding transportation, durable goods orders rose 0.
Durable goods orders are a leading indicator of activity in manufacturing, which in turn provides a good barometer for overall business health.
Durable goods orders were unchanged compared to the prior month, while non-durable goods were down 1.
Today US: Durable goods orders February should see a large boost from aircraft orders which could hit the highest level since 2008.
The Commerce Department said on durable goods orders excluding transportation rose 1.
durable goods orders surged more than expected in November as orders for items such as cars and aircraft rose, the government reported Tuesday.
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