Machinery Orders Fall, Other Data In-Line
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Equity futures are slightly higher pre-market, as US data appears solid and mostly in line with estimates, despite a falloff in orders for machinery.
Initial jobless claims for the week ended May 19th fell to 370,000, which compares to the economist estimate of 370,000. Durable goods orders for the month of April were +0.2%, right inline with economists.
Durable goods excluding transportation was the one piece of data that came in below consensus, at -0.6 percent vs. the consensus of 0.8 percent, dragged down by machinery orders which declined by 2.8 percent. Military aircraft was down 30 percent and computers orders were down slightly.
Industrial Select Sector SPDR (NYSE: XLI) could move on the durable goods data. The employment data doesn't seem to be a factor.
Initial jobless claims for the week ended May 19th fell to 370,000, which compares to the economist estimate of 370,000. Durable goods orders for the month of April were +0.2%, right inline with economists.
Durable goods excluding transportation was the one piece of data that came in below consensus, at -0.6 percent vs. the consensus of 0.8 percent, dragged down by machinery orders which declined by 2.8 percent. Military aircraft was down 30 percent and computers orders were down slightly.
Industrial Select Sector SPDR (NYSE: XLI) could move on the durable goods data. The employment data doesn't seem to be a factor.
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