United States

US Core Capital Goods Orders Rise 0.9%

June core capital goods orders rose about 0.9%, with shipments up as AI-driven tech investment boosts demand for computers, electronics, and related equipment, signaling ongoing business investment and a firmer path for manufacturing and GDP growth into Q2, with Boeing positioned to benefit from the higher durable goods activity. However, reports note mixed strength across transportation and employment outlooks, as payrolls and Fed policy guidance suggest cautious optimism for the broader economy.