Photo: Stephen Brashear/Getty Images
Update:A miss on all counts.
Durable goods orders jumped 2.2% in February, below expectations of a rise of 3.0%.
Excluding transportation, the miss was less severe: Just 1.6% vs. expectations of 1.7%.
Overall a bummer. Not a total disaster, but not good.
ORIGINAL POST: The one big economic report of the day: Durable Goods Orders for February.
Analysts expect to see a 3.0% jump in headline orders, way up from a 4% decline in January.
Excluding transportation, analysts are only looking for a 1.7% gain.
This number is always pretty lumpy and volatile, but a big swing in one direction or another could impact people’s thinking about Q1 GDP.