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Durable Goods Orders in U.S. Unexpectedly Dropped in February
Orders for durable goods unexpectedly dropped in February, a sign the slowdown in global growth may be weighing on American manufacturers. Bookings for goods meant to last at least three years declined 1.4 percent after a 2 percent gain in January that was smaller than previously estimated, data from the Commerce Department showed Wednesday in Washington. The median forecast of 81 economists surveyed by Bloomberg estimated durable goods orders would rise 0.2 percent. Demand for American-made products may be softening as economies abroad struggle to accelerate and a stronger dollar makes it more attractive for foreign ... (full story)
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don't find the correct answer in market. just feel it and follow the wave.
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