Durable goods, consumer data on tap
David Russell | [email protected]
The Commerce Department will report October durable-goods orders at 8:30 a.m. ET. The data includes an overall reading and a core number that excludes volatile aircraft orders. Economists anticipate that both contracted by half a percent following gains of 9.8 percent for the overall number and 2 percent for the core number in September.
The Case-Shiller index of home prices for September follows at 9 a.m. ET, with forecasters expecting an increase of 3.1 percent. The tone has been positive in real estate for several months, so a strong reading could further boost housing stocks. The FHFA housing price index, which is similar but less closely followed, will also be released one hour later.
The Conference Board will publish consumer confidence at 10 a.m. ET. Economists expect it to inch higher to 73 from 72.2 last month. Also at 10 a.m. ET, the Richmond Federal Reserve will report its monthly manufacturing index.