Futures Lower After Dreadful Durable Goods Number

Posted by jcashman

Courtesy of Business Insider

Horrible durable goods number…Analysts had expected growth of 0.3%. Instead we got a decline of 2.1%.In the previous month we sow GROWTH of 1.9%, so this is a huge turnaround.Ex-transport, growth was just 0.1% vs. expectations of 0.5% growth.This all sets up ominously for this Friday’s advance look at Q2 GDP.Futures are lower in the pre-market.Please follow Money Game on Twitter and Facebook.Follow Joe Weisenthal on Twitter.

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Posted by jcashman on Jul 27 2011. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry