Durable Orders decreased by 1.3% or $2.2 billion, during March to $176.7 billion, beating the expected 0.4% increase. This decrease followed three consecutive monthly increases, including a 1.1% increase in February. Machinery, up two consecutive months, had the largest increase, $1.0 billion or 4.3% to $24.0 billion. Transportation equipment, down following two consecutive monthly increases, had the largest decrease, $4.6 billion or 1.1% to $408.6 billion.

New Home Sales for March are expected today at 10:00 AM EST to increase to a 330,000 annual pace, following a decrease of 2.2% in February to an annual pace of 308,000 homes with a median sales price of $220,500 and an average sales price of $282,600.
 
Upcoming Releases
 
New Home Sales (04/23 at 10:00 AM EST)
Consumer Confidence (04/27 at 10:00 AM EST)
Crude Inventories (04/28 at 10:30 AM EST)
FOMC Policy Statement (04/28 at 2:15 PM EST)
 

 

Zacks Investment Research