Durable goods orders fall, but core rate rises
The U.S. Commerce Department announced this morning that orders for durable goods fell 2.5 percent in June, while the core rate, which excludes transportation, actually rose 1.1 percent -- another good news-bad news data point for the U.S. economy.
Look for the U.S. stock market Wednesday to emphasize the more bullish core rate, because transportation orders can be volatile on a month to month basis.
