US headline durable goods orders rose 1.2% in December, below expectation of 1.8%. Ex-transport orders rose 0.1%, below expectation of 0.3% . Philadelphia Fed Business Outlook dropped to -4.1 in February, down from 17 and missed expectation of 14.8.
Initial jobless claims dropped -23k to 216k in the week ending February 16, between than expectation of 230k. Four-week moving average of initial claims rose 4k to 237.75k, highest since January 20, 2018. Continuing claims dropped -55k to 1.725M. Four-week moving average of continuing claims rose 2.75k to 1.755M.
