- June 25, 2021
- Posted by: Stratford Team
- Category: Business
Strategic Wealth Partners President and CEO Mark Tepper and former Trump economic adviser Steve Moore discuss how the markets will react to a Fed rate hike and tapering
A rebound in transportation purchases helped drive an improving durable goods report.
New orders for manufactured big-ticket items rose a seasonally adjusted 2.3% month-over-month in May, a reversal of April’s surprise 1.3% decline, as reported by the Commerce Department.
Transportation equipment led the increase rising by $5.2 billion or 7.6 percent to $74.2 billion after two straight monthly declines.
Ticker Security Last Change Change %BA THE BOEING CO. 250.06 +6.47 +2.66%
Aircraft orders, excluding defense, rose 27.4% slightly less than the prior month’s 31.5% increase.
Minus the transportation component, orders rose 0.3%, slightly lagging April’s 1.0% pop.
Orders for core capital goods, a closely watched proxy for business spending, dropped 0.1% in May, well below…