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Durable Goods Beat Expectations

By: ETFdb
Stocks kicked off today’s session with a rally thanks to encouraging economic data coming in from around the world. China’s stocks bounced last night after a rough 24 hours of trading, and gains by financials and energy sectors lead the charge in the U.S., but the unanticipated growth in durable goods orders pushed returns back up [see The Best Dividend ETF For Every Investment Objective]. May Durable Goods Better-Than-Expected The orders for US Durable Goods beat forecaster expectations in May, a month where investors usually see loses, to gain 3.6% overall. Median forecasts were hovering around 3% before the reporting, but this bump is great news for industrials, transportation and manufacturing sectors going into the summer. Overall orders were largely bolstered by Boeing’s outstanding month, including over 230 additional aircraft orders, up from just 51 orders placed in April [see also 5 Reasons Not to Flee Non-US Dividend Stocks]. Industrials ETFs Performance [...] Click here to read the original article on ETFdb.com. Related Posts: Daily ETF Roundup: XLI Rallies Alongside Industrials, VOX Pops Daily ETF Roundup: Stocks End Week On A Strong Note, XLI Rallies Industrial ETFs Stay Strong After Weak ISM Manufacturing Data Friday’s ETF Chart To Watch: XLI Flirts With Resistance Ahead Of Durable Goods Data ETFdb Weekly Watchlist: XHB, TLT, XLI Hinge On Housing, Durable Goods And Bernanke
Stocks kicked off today’s session with a rally thanks to encouraging economic data coming in from around the world. China’s stocks bounced last night after a rough 24 hours of trading, and gains by financials and energy sectors lead the charge in the U.S., but the unanticipated growth in durable goods orders pushed returns back up [see The Best Dividend ETF For Every Investment Objective]. May Durable Goods Better-Than-Expected The orders for US Durable Goods beat forecaster expectations in May, a month where investors usually see loses, to gain 3.6% overall. Median forecasts were hovering around 3% before the reporting, but this bump is great news for industrials, transportation and manufacturing sectors going into the summer. Overall orders were largely bolstered by Boeing’s outstanding month, including over 230 additional aircraft orders, up from just 51 orders placed in April [see also 5 Reasons Not to Flee Non-US Dividend Stocks]. Industrials ETFs Performance [...]

Click here to read the original article on ETFdb.com.

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