While you were sleeping: US durable goods orders drop

While you were sleeping: US durable goods orders drop
By Margreet Dietz March 26 (BusinessDesk) - Stocks on Wall Street and in Europe slid after an unexpected drop in US durable goods orders bolstered concern about the strong greenback and its impact on corporate earnings.  A Commerce Department report showed orders for US durable goods unexpectedly fell in February, dropping 1.4 percent. January’s increase was revised lower to 2 percent. “Today’s report provides strong evidence that the manufacturing sector is feeling some considerable heat from the stronger dollar," Anthony Karydakis, c...