Equity futures remain on track for a higher open this morning as oil prices move lower and Treasuries remain stable
Durable goods orders were flat month-over-month in August (Briefing.com consensus: -0.4%) following a downwardly revised 0.9% increase (from 1.1%) in July. Excluding transportation, orders were up 0.3% month-over-month (Briefing.com consensus: 0.5%) following an upwardly revised 0.7% increase (from 0.4%) in July.
The key takeaway from the report—and the breakthrough of note—is that nondefense capital goods orders, excluding aircraft, which are a proxy for business spending, jumped a robust 1.6% month-over-month.