News Flash

New orders for U.S. manufactured durable goods rose by 0.3% to $334.8 billion in June, missing the 2.5% growth expected by economists. Data released Monday morning by the U.S. Census Bureau shows a slight rebound from a revised 4.0% slump in May, though the overall numbers suggest a cooler manufacturing sector ahead of Wednesday's Fed meeting. 

Here is how the underlying sectors performed:

• Core Equipment Strength: Non-defense capital goods orders excluding aircraft—a closely watched proxy for business spending plans—rose 0.9%, beating the 0.8% forecast and showcasing resilient corporate investment. 
• Tech Sector Boost: Computers and electronic products led the monthly expansion with a 3.1% jump to $31.1 billion, posting gains in nine of the past ten months. 
• Transportation Drags: Overall transportation equipment orders slipped 0.2%, heavily weighed down by a 0.6% decline in motor vehicles and parts. 
• Excluding Transport: When stripping out volatile transportation items entirely, core durable goods orders climbed by a healthier 0.6%. 

Would you like to see how the stock market reacted to this data, explore the implied expectations for Wednesday's Federal Reserve interest rate decision, or look at other recent economic indicators like June's core inflation metrics?