motorola factory workers

REUTERS/Mike Stone

Workers assemble Motorola phones at the Flextronics plant that will be building the new Motorola smart phone "MotoX" in Fort Worth, Texas, September 10, 2013.

At 8:30 a.m. ET, we'll get the October durable goods orders report.

Economists expect orders to have fallen by 2.0% largely due to lower aircraft orders.

Excluding transportation, orders are expected to have increased by 0.5%.

Nondefense capital goods orders excluding aircraft - a key measure of business investment - is estimated to have climbed by 0.8%.

"Pullbacks in the volatile civilian aircraft and defense categories should result in a weak headline durable goods orders reading after upside in these categories fully accounted for the 3.8% surge in overall orders in September," said Morgan Stanley's Ted Wieseman. "Beneath these swings, business surveys have generally continued to point to improvement in capital spending plans, so we look for core capital goods orders to start getting back on track with a 0.5% rise after a 3.7% drop in the three months through September partly reversed a 9.5% gain in the first six months of the year."

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