You can choose the size of the video you would like to embed below. Next, copy the embed code that is available in the box below. Paste this code on to your website to display the video.
If you experience problems embedding videos, please contact us.
Financial News Network
February 29, 2012 AT 7:04 AM
The Commerce Department reported orders for durable goods sharply fell 4%, a steeper-than-expected loss compared to economists' outlook of just a 1% drop.This is the biggest drop since January 2009 when the economy was in deep recession. Durable goods range from kitchen appliances to transportation vehicles such as cars and airplanes. Although orders for things such as machinery and non-defense capital goods added to the overall loss, motor vehicles was the only durable good segment that saw a gain, edging up 0.9%.This poor economic news brought the Dow down slightly at the bell but all markets have regained strength. The Dow Jones Industrial Average currently down only about a half a point.