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Here come durable goods ...

Dec 22, 2016, 18:37 IST

Shoppers reach for television sets as they compete to purchase retail items on Black Friday at a store in Sao Paulo, Brazil, November 24, 2016.Nacho Doce/Reuters

The Commerce Department's preliminary reading for durable goods orders in November is expected to show a drop of 4.8% from October, according to the Bloomberg consensus.

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Excluding transportation equipment, that reading is expected to show a gain of 0.2%.

Additionally, capital goods orders for nondefense items excluding aircraft - an important gauge of business spending - is expected to have increased by 0.4%.

The data will cross the wires at 8:30 a.m. ET.

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