MARKET ERASES GAINS AFTER TERRIBLE DURABLE GOODS ORDERS DATA
Jan 28, 2014, 19:14 IST
December durable goods orders data were just released at 8:30 AM ET, and they were considerably worse than consensus estimates.
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In the wake of the release, S&P 500 futures have erased all of their gains for the day and are on the verge of going negative.
Meanwhile, 10-year U.S. Treasury futures, which were negative before the release, are now up 0.2%, and the yield on the 10-year note is 2.74%, one basis point below yesterday's close.