US Durable Goods New Orders Down 2.1% in June

Two out of the last three months we have seen new orders for cars, trucks, aircraft, large machinery and computers drop.  Six months out of the last twelve have shown decreases in the economy's demand for durable goods, another sign further slowing is upon us.  The futures market won't have a great attitude this morning.  The Dow dropped 19 points in early action and the S&P fell 5.5 points before the index futures started to find support.