Durable goods orders rose 0.5% in February, slightly lower than the 0.6% forecast, while January was upwardly revised to a 3.9% advance from 3.0%, with the index now increasing for the third-straight month.
New home sales hit a record low, with sales falling 2.2% month-over-month in February to an annual rate of 308,000 units, compared to the expectation that sales would increase 1.9% to an annual rate of 315,000 units. Details from Bloomberg...
The Dow Jones Industrial Average lost 53 points (0.5%) to close at 10,836, the S&P 500 Index fell 6 points (0.5%) to 1,168, and the Nasdaq Composite was 16 points (0.8%) lower at 2,399. Crude oil was $1.44 lower at $80.47 per barrel, and the Bloomberg gold spot price fell $19.50 to $1,085.65 per ounce.
Magnificent Seven Update
Daily Update Of Open Positions...Stocks & ETFs
