December Factory Orders were weak, at -0.7% m/m vs. exp. -0.5% but Core Orders were 0.4% on strong New Orders.
Chicago Fed National Activity index was 0.18 vs. prev. -0.21, with Production and income improving a good deal.
Dallas Fed Manufacturing was 0.2 vs. prev. -1.2 with Capacity Utilization and Wages improving.
IBM was -13% after Anthropic said Claude can streamline COBOL code.
Home Depot (HD) reported good earnings, but guidance was soft, sending shares up 4% on apparent tariff hopes.
Trump has his State of the Union address tonight, where he is expected to talk about the economy and lowering prices. We’re also back to getting 5,000 Fed speeches and ADP Employment Change.
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