U.S. new-home sales in August came in flat at 288,000 units, seasonally adjusted. This is lower than the expected 295,000 pace and matches the second-lowest recorded level. New-home sales are 28.9% lower than they were this time last year. July estimates, however were revised upward to a 7.7% decrease to 288,000 compared with the previous 12.4% drop to 276,000.
August durable-goods orders in the U.S. decreased more than expected by 1.3% to a seasonally adjusted figure of $191.17 billion. This number is larger than the predicted 1.0% drop and the biggest drop in a year. The transportation segment took a large hit, but the machinery, computers, and fabricated-metal products sectors all saw gains.
Bad News came out. but we see what we got? it is a strong bounce-back from yesterday drop.
1150 is almost reached.
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