Here come durable goods...

The latest reading of durable goods orders from the Commerce Department is set to be released at 8:30 a.m. ET.

The reading for the month of December is expected to come in at 2.5% growth from the month before.

Core durable goods, excluding autos and transportation equipment, are expected to rise 0.5% m-o-m. Excluding defense goods, growth of 0.2% is expected from economists.

The reading on orders for long-lasting goods is expected to bounce back from falling by 4.6% in November, with core goods expected to stay steady at 0.5% growth m-o-m.