U.S. durable goods orders fell 2.8% in July, less than the expected 4.0% decline. Excluding transportation, orders rose 1.1%, exceeding estimates of +0.2%. Transportation equipment orders dropped 9.7% to $101.7 billion, driving the overall decrease. Companies like Boeing, Caterpillar, and Deere & Co. are impacted by these trends. This is the third decline in four months, following a 9.4% drop in June. The data was released by the Census Bureau, with more details expected to come.

Read more at Quiver Quantitative: U.S. Durable Goods Orders Fall 2.8% in July, Beating Expectations