U.S. Durable Goods Orders Rise 0.3% in June to $334.8 Billion

According to the U.S. Commerce Department, durable goods orders in June totaled $334.8 billion, up 0.3% month-over-month, falling short of market expectations of a 2.5% increase. This marks a reversal from May's 4.0% decline. Core capital goods orders, excluding transportation and defense equipment, increased 0.9% to $85.09 billion, indicating moderate business investment activity.
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