By Chris Becker
The closely watched US durable goods order printed a new four month low, contracting 3.4% in December and weighing on confidence, sending US stocks down nearly 2% amid some mixed earnings results. The blizzard in NY was a near no show, but the cold weather extended to risk taking, as the Caterpillar earnings results showed the stronger USD is starting to weigh on US corporates.
The S&P500 closed down 28 points or 1.4% on the cash market:
