Industrial Stocks Take the Stage ahead of Durable Goods, GDP Data
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Investors are awaiting May durable goods data which is due out this morning at 8:30am. Forecasts call for a rise of 0.05 percent. Durable goods are items that are considered relatively long lasting and the data gives investors clues about manufacturing and consumption in the U.S. Considering weakening economic activity in the U.S., the data is certain move the market, particularly industrial stocks. Watch for swings in stocks in this sector today, including GE (NYSE: GE) CAT (NYSE: CAT) and Boeing (NYSE: BA) and in the sector ETF, Industrial Select Sector SPDR ETF (NYSE: XLI).
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