United States Durable Goods Orders rise 1.8% in September vs. 0.6% expected
New orders for manufactured Durable Goods in the United States (US) rose by $6.3 billion, or 1.8%, to $345.4 billion in September, the US Census Bureau reported on Tuesday. This reading followed a 0.1% decline recorded in August and came in better than the market expectation for an increase of 0.6%.
"Excluding transportation, new orders increased 0.5%," the press release read. "Excluding defense, new orders increased 2.2%. Transportation equipment, up two of the last three months, led the increase, $5.2 billion or 4.6% to $119.8 billion."
Market reaction
This report failed to trigger a noticeable market reaction. At the time of press, the US Dollar (USD) Index was up 0.15% on the day at 102.18.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vodafone (VOD.US) Swings to Loss in First Half, German Operations Major Drag
Vodafone (VOD.US) released its financial results for the first half of fiscal year 2027.
AI gamble backfires! Data center project writedowns and weak tech stock positions drag down SoftBank (SFTBY.US) to a Q2 loss of $7.1 billion
SoftBank recorded its first net loss in nearly two years due to a $3.7 billion impairment loss arising from a U.S. data center project, coupled with mounting market concerns over the sustainability of artificial intelligence (AI) growth impacting the investment giant’s key holdings.
AI Cloud Sector Faces a Key Moment: CoreWeave (CRWV.US) Set to Announce Earnings, Wells Fargo Remains Bullish
CoreWeave (CRWV.US) will release its third-quarter financial report after the U.S. stock market closes on Tuesday. This is seen as a key test for the strength of the new AI cloud sector.
JPMorgan raises target prices for Target and Walmart
Crypto prices
More
