Market is up a bit this a.m.
U.S. durable-goods data stronger-than-expected in January Orders for durable goods rose 1.6% in January, the government said Friday.
Economists had forecast a 0.8% rise in orders for durable goods — products made to last at least three years. Orders for December were revised up sharply to a 1.2% gain from the prior estimate of 0.7%.
Core capital goods orders, which exclude volatile sectors like transportation and defense, rose 0.9% in January.
Key details: Excluding transportation, orders were up 0.7% in January. Excluding the defense sector, orders were up 1.6%.
Bookings for commercial aircraft jumped 15.6% in the month.
Big picture: The durable goods sector looks in much better shape than prior to the data. Economists had been worried about signs of a moderation in orders. The factory sector has been a pillar of strength during the pandemic. ................
https://www.marketwatch.com/story/u-s-durable-goods-data-show-stronger-than-expected-strength-in-january-11645796657?mod=home-page
