DURABLE GOODS ORDERS TANK 5.7%

Durable goods orders data are out.

Total orders fell 5.7% in March versus expectations of a smaller, 3.0% decline.

Orders for nondefense capital goods excluding aircraft and parts (a.k.a. "core capex") rose 0.2%. Economists were looking for a 0.3% increase.

February's 5.7% growth in total orders was revised down to 4.3%.

February core capex was revised down to -4.8% from -2.7%.

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