Durable goods orders climbed 3.1% in December, falling short of economist forecasts of 3.9%, according to Commerce Department figures released today. Order gains were broad-based across most industries. Some highlights: Transportation goods rose 4.8%, its first increase since September and best since March; orders for motor vehicles rose 6.8%. Orders for electronics (excluding semiconductors) went up 1%, but computer orders fell 3.1%.
• Sources: Link to Goverment Release, MarketWatch, Wall Street Journal
• Related commentary: Economic Report Summary, Retail Sales Data: A Closer Look, The Dollar's Decline: Quite a Spectacle
• Potentially impacted stocks and ETFs: S&P 500 Index (SPY), NASDAQ 100 Trust Shares ETF (QQQQ), Diamonds Trust Series 1 ETF (DIA), iShares Russell 2000 Index ETF (IWM), iShares Lehman 1-3 Year Treasury Bond ETF (SHY), iShares Lehman 7-10 Yr Treasury Bond ETF (IEF), iShares Lehman 20+ Year Treasury Bond ETF (TLT)
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