Market is Closed

[] S&P futures vs fair value: +1.90. Nasdaq futures vs fair value: +4.70. Stock futures are largely unfazed by the latest dose of data, which actually proved better than expected. Durable goods orders for March increased by 2.5%, which exceeds the 1.8% increase that had been widely anticipated. The increase for March is also greater than the upwardly revised 0.7% increase registered for the prior month. Excluding transportation, durable goods orders increased by a more tepid 1.3%, which is slightly better than the 1.2% that had been expected, on average, among economists polled by . The prior month’s data was revised upward to reflect an increase of 0.6%.

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