Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (61918)	1/26/2001 7:23:16 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

did you ever even get short?

To: AllansAlias who wrote (61918)	1/26/2001 8:36:37 AM
From: UnBelievable	Respond to of 436258

Dec Durable Gain Led By Transportation =========================================================== Durable Goods Orders: Dec. Nov. !Surprise:Yes ! Total Orders: 2.2% 1.8% !Trend:Strong ! Ex-Transportation: -1.4% 0.3% !Transportation! Ex-Defense: 3.4% 1.1% !Consens.:-1.4 ! =========================================================== By Rebecca Christie and Jennifer Corbett Dooren Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)-- Orders for big ticket manufactured items rose in December, led by a surge in transportation orders for the second month in a row. Orders for durable goods, or items meant to last three years or longer, rose 2.2% to $214.33 billion, the Commerce Department reported Friday. The November performance was revised to 1.8% from a previously reported increase of 2.5%. The numbers contrasted with analysts' expectations, which predicted a 1.4% drop and a falloff in transportation bookings. Excluding transportation, durable goods orders went down 1.4% in December. New orders for transportation goods jumped 14.6% following a 7.3% increase in November. The Commerce Department attributed the gain to aircraft orders. Other sectors reported declines more consistent with the slowing manufacturing sector that has been emerging throughout the U.S. economy. Industrial machinery and equipment orders sank 5.3% and defense orders plunged 25.9%. Durable goods orders excluding defense rose 3.4%. Primary metals fell 3.5% after falling 2.6% in November. Orders for electronics and other equipment rose 2.4%. Other data released this month point toward a declining manufacturing sector. The National Association of Purchasing Management's manufacturing index has been below 50 for five consecutive months and the Federal Reserve's industrial production numbers fell throughout the fourth quarter of 2000. The Federal Reserve is widely expected to boost the slowing U.S. economy by cutting interest rates at its Jan. 31 meeting. Fed policymakers have said that inflation is a lesser threat than recession for now, and they are likely to cut rates for the second time this month when they get together next week. The durable goods report contained signs of weakness despite a rosier-than-expected headline number. Overall shipments of durable goods fell 0.5% in December after falling 1.1% in November, the Commerce Department said. Unfilled orders rose 1.4% in December after rising 0.4% in November. New orders for durable goods rose 6.7% in 2000 compared with all of 1999, according to seasonally adjusted numbers, the Commerce Department said. Rebecca Christie and Jennifer Corbett Dooren; Dow Jones Newswires; 202-862-9255. (END) DOW JONES NEWS 01-26-01