Mixed News Day

Capital goods orders plunged 4.3% in December, while durable goods orders rose. Stocks rose sharply at first, then plunged, and have now risen back to flat.

Ironically, the durable goods figures showed strong demand for Boeing's Dreamliner, but this is the same aircraft that was shut down worldwide in recent weeks due to unexplained fires. This may be bad news couched within what would otherwise have been good news!