US November durable goods orders -1.1% vs -0.4% expected

December 23, 2024
-FCHFX

December 23, 2024 at 03:58PM
This was released earlier:

Prior was +0.8%

Nondefense capital goods orders ex-air +0.7% vs -0.1% prior

Ex transport -0.1% vs +0.3%

The core orders number is the important one and it showed a nice rebound is November. The problem I’m seeing is that industrial company stocks have been plunging lately. Here’s Nucor, which is the largest steel producer in the United States. You would think there would be a Trump bump as he’s more likely to add tariffs but it’s been straight downhill after a post-election gap up.

Shares are at their lowest level in more than 2 years.

This article was written by Adam Button at www.forexlive.com.

US November durable goods orders -1.1% vs -0.4% expected