Durable goods orders for October got things started although the effects of Hurricane Sandy were dominant.
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Friday's upbeat report came as the Commerce Department reported solid durable goods orders in March.
Durable Goods Orders fell an unexpected 4.0% in January, after rising 3.2% in December.
Consumer-goods orders fell 1.9%, with consumer durable goods orders falling 0.7% and non-durables down 2.2%.
September new home sales and durable goods orders data will be published on Wednesday.
Next week brings durable goods orders and the revision to first quarter U.S. gross domestic product.
May durable goods orders were revised down slightly, as well, to a 1.5% gain.
Durable goods orders fell slightly in August, and the rapid growth in car sales tailed off sharply.
MarketWatch expects a drop in April durable goods orders of 3%, versus the 4.1% rise in March.
U.S. economic data due for release Friday includes durable goods orders and the gross domestic product report.
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Durable goods orders, however, increased by 5.6 percent, short of the 5.7 percent gain reported a week ago.
Stocks are mixed midday on drop in pending home sales and unexpectedly positive durable goods orders for December.
Also on the economic front, durable goods orders gained 0.2 percent in April, according to the Commerce Department.
It was also reported that durable goods orders fell 0.1% in August versus a gain of 4.1% in July.
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Also from the Commerce Department, durable goods orders rose for a second straight month, up 3 percent in December.
U.S. stock futures were modestly higher ahead of data including durable goods orders, consumer confidence and new home sales.
U.S. economic data due for release Friday includes the durable goods orders report.
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Yet the most recent factory orders report showed a 1.4% decline in May, and durable goods orders slipped 1.1%.
Non-durable goods orders also posted the steepest decline since that period, falling 2.0%.
Durable goods orders fell by 8.5% in September, compared with August: a much bigger drop than economists had been expecting.
On the positive side, durable goods orders and the Dallas Fed Manufacturing Survey were both considerably better than expected.
Durable Goods Orders ex aircraft and defense orders fell 1.5% in July (the consensus forecast was for an increase of 0.5%).
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U.S. economic data due for release Thursday includes the weekly jobless claims report, durable goods orders, and the U.S. manufacturing PMI.
The Commerce Department reported that durable goods orders fell by -3.3% during the month, which was below the consensus expectations for -0.4%.
Excluding the volatile transportation category, durable goods orders fell by 0.7% in October, the biggest drop since a 1.7% fall in August.
The latest government data on durable goods orders showed an unexpected decline in October, and it indicated that business investment remains weak.
Excluding the volatile transportation category, durable goods orders fell by 1.6 percent.
The modest recovery came after an upbeat reading on durable goods orders.
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Both durable goods orders and shipments are now below their June levels.
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And industrial production and factory use levels are gaining, retail activity is perking up, and durable goods orders are rising, says Value Line.
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