On Tap Today: Durable Goods Orders in the Spotlight - TheStreet

With three days left in the third quarter, investors can only hope for good economic news and will likely keep a close eye on today's batch of data.

Headlining today's events is the

durable goods orders report for August. The measure of the value of orders received by manufacturer for durable goods -- big-ticket items meant to last three years or more -- is a key factory-sector indicator with the potential to move markets.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 7 a.m.: Mortgage Applications Survey for the week ended Friday. Source: Mortgage Bankers Association. Refinancing Index. Forecast: N/A. Previous: 440.7. Purchase Index. Forecast: N/A. Previous: 318.8.
  • 8:30 a.m.: Durable goods orders for August. Source: Census Bureau. Forecast: +2.7%. Previous: -12.4%.
  • 9 a.m.: Treasury buyback announcement. Source: Bureau of the Public Debt. The Treasury Department announces the details of tomorrow's reverse auction.
  • 1:30 p.m.: Treasury auction. Source: Bureau of the Public Debt. The Treasury announces the results of its monthly two-year note auction, at which $10 billion of securities will be sold, with bids due at 1 p.m.
  • 6:30 p.m.: Consumer Comfort Index for the week ended Saturday. Source: Money Magazine and ABC News. Forecast: N/A. Previous: 30.