Durable Goods Orders Jump

Orders for big-ticket items in July were stronger than expected, but the latest reading on consumer confidence weakened

Durable orders surged 8.7%, while shipments jumped 3.1%. The July data were much stronger than expected, fully offset the weakness seen in the June report (which heightened "double-dip" and capital spending fears), and set a healthy trajectory heading into the second half of the year -- and the third quarter in particular.

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