U.S. durable goods orders increased only 0.3% in June, well below the consensus estimate of 2%, according to preliminary data. Excluding transportation, orders rose 0.6%, a third of the prior month's upwardly revised 1.8%. Non-defense capital goods orders excluding aircraft, a proxy for business spending, came in at 0.9%, slightly above projections, while shipments surged 1.9%, the highest since 2021. The report arrives as the Federal Open Market Committee begins a two-day meeting with expectations to hold the Fed funds rate at 3.50-3.75%, though rising oil prices have shifted sentiment toward a possible rate hike later this year.
SK Hynix Inc
The Boeing Company
Chevron Corp
Meta Platforms Inc.
Exxon Mobil Corp
