Futures drift lower following early economic reports Stock futures drifted lower following the release of several economic data points. Durable goods orders rose 0.4% overall versus expectations of a decline of 0.6% ,while the core reading which removes transportation items, was down 0.9% versus expectations of an increase of 0.5%. There were 313K initial jobless claims versus the expected 288K, while continuing claims came in at 2.31M versus the expected 2.34M. Personal income rose 0.2% versus expectations of an increase of 0.4% and spending rose 0.2% versus the expected increase of 0.3%
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