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Market Commentary

Updated on March 24, 2017 10:47:05 AM EDT

Februarys Durable Goods Orders report was posted at 8:30 AM ET. The Commerce Department announced a 1.7% increase in new orders for big-ticket products such as airplanes and appliances. This was a little stronger than the 1.3% rise that was expected, but because this data is known to be quite volatile from month to month, the variance didn’t raise any concern. In fact, a secondary reading that excludes more costly and volatile airplane orders came in lighter than forecasted. While this is normally considered a pretty important report, it has not had much of an impact on today’s trading or mortgage pricing.
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FDIC Insured
Careers   |   Contact Us   |   Privacy Policy   |   Site Map

That's the spirit!