Investors await key manufacturing data to gauge business investment trends and economic momentum in the US.
The US Census Bureau will release durable goods orders for the latest period at 8:30 AM ET. The report tracks new orders for long-lasting manufactured goods, serving as a proxy for business confidence and capital expenditure plans.
Durable goods orders fell 5.4% in the prior month, missing consensus estimates. Economists expect a partial rebound, with core orders excluding transportation likely to provide clearer signals on underlying demand.
Markets typically react to surprises in this data, as it influences Federal Reserve policy expectations and growth forecasts.