Durable Goods Orders
Besides weekly unemployment figures, we also have two other 8:30 AM ET reports to drive trading tomorrow. January's Durable Goods Orders is one, giving us an important measurement of manufacturing sector strength by tracking orders at U.S. factories for items expected to last three or more years. Products such as electronics, refrigerators, airplanes and autos are examples of these big-ticket items. Analysts are expecting to see a 1.2% increase in new orders, hinting at manufacturing sector growth. It is worth noting that this data is known to be quite volatile from month to month, so large swings are common and won't have as much of an impact as it would in many other reports.