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"Capital goods order activity in October was disappointing, and the up and down movement reflects the uncertainty that exists in the economy," said Daniel J. Meckstroth, chief economist for the Manufacturers Alliance.
The Commerce Department report showed non-defense capital goods order excluding aircraft, a closely watched proxy for business spending, fell 1.3 percent in February after a 6.0 percent fall the prior month.
At the midday mark, stocks were mixed, after investors digested a significant decline in durable goods order in September.
Similar(54)
Durable goods orders are flat.
Capital goods orders declined 1.3 percent.
Excluding transportation goods, orders were unchanged.
Durable goods orders increased 4.1 percent in September.
advanced Durable Goods Orders -- Sept.
Durable goods orders fall, but there are hopeful signs too.
Durable goods orders, excluding transportation and defense, are down.
Durable goods orders had fallen by 0.7 percent in October.
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