Economic Report: Durable-goods orders up 2.5% in November

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The numbers: Orders for durable goods increased 2.5% in November, the Commerce Department said Thursday.

Economists had forecast a 1.5% gain in orders for durable goods, which are products made to last at least three years.

A key metric, core capital goods orders which exclude volatile sectors like transportation and defense, declined 0.1% in November.

Big picture: A dip in core durable-goods orders could be a signal of flagging business investment. 

Market reaction: Stocks
DJIA,
+0.74%

SPX,
+1.02%

were set to open higher on Thursday.

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