February orders fell 1.8%, marking the third consecutive monthly contraction. Core capital goods dropped 1.1% as equities extended losses despite an oil recovery and easing yields.
February orders fell 1.8% and core capital goods contracted 1.1% for a second straight month, as Brent rebounded $97.90 and the S&P 500 extended losses.
US futures fell 1%+ as Trump's Iran deadline expired, gold plunged 10% to $4,126, Brent topped $113, and Wall Street tracked toward a fifth straight losing week.
Trump's weekend ultimatum to destroy Iran's infrastructure deepens a sector divide already at extremes. Defense ETFs and energy majors are priced for a longer war while the S&P 500 posts its fifth straight weekly loss.
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