NEW YORK ( TheStreet) -- Stock futures took a mild hit Friday after the Census Bureau's report of a decrease in durable goods orders excluding the transportation component added to investors' caution amid meetings of several European leaders this week.
Futures for the Dow Jones Industrial Average were off 7 points, or 2.46 points below fair value, at 13,032. Futures for the S&P 500 were down 1.79 points, or 1.62 points below fair value, at 1398. Futures for the Nasdaq 100 were down 1.5 points, or 1.12 points below fair value at 2759.
The Census Bureau said that durable goods orders rose 4.2% in July, the third consecutive monthly increase. But excluding transportation, new orders decreased 0.4%. Economists on average thought that durable goods in July would increase 2.4% and that the core figure would rise 0.5%.
"The bottom line is that the headline gain is all transport/aircraft driven, but
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