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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (11750)	2/27/2001 9:11:42 AM
From: Bosco	Read Replies (1) \| Respond to of 30051

Correction --- Oops, evidently, Briefing.com gave the wrong #s. It is -6%, not 6%. From CBS MW 8:32am 02/27/01 Durables orders drop 6% By Rachel Koning Orders for durable items placed with U.S. manufacturers in January tumbled 6 percent, the Commerce Department reported Tuesday. A CBS.MarketWatch.com survey of economists looked for a much smaller 0.2-percent decline in orders for big-ticket items that month. Totaling just over $200 billion, durables orders in January were at their lowest level since June 1999 and marked the largest percentage drop in four months. The decline follows a downwardly revised 1.2 percent increase in December orders for goods built to last at least three years. Commerce officials said the largest decline in orders was apparent in the transportation sector, where waning demand for the often-sporadic aircraft industry pulled down orders overall. Still, orders excluding transportation slipped 0.3 percent, for the third decline in the last four months. best, Bosco