Durable Goods Show Ongoing Weakness

Orders for U.S. durable goods fell 1.3 percent last month, versus expectations of 0.9 gain percent. The weakness suggests ongoing slow than anticipated growth in the manufacturing sector, although the durable goods number can be very volatile on month to month. Excluding transportation, durable goods fell 0.2 percent, following a rebound of 0.7 percent in August. Expectations were for a gain of 0.5 percent. Following the release, the S&P 500 futures fell 4.00 points, or .22 percent.