U.S. Durable Goods Orders Rise Amid AI Data Center Investment

U.S. durable goods orders rose less than expected in June, indicating a slower growth than the market anticipated. Core capital goods orders increased by more than expected, while shipments saw the largest gain in 4.5 years, driven by investments in AI data centers. This investment trend is significant as it impacts overall manufacturing and economic growth. The developments suggest a mixed outlook for investors as capital expenditures related to AI continue to influence market dynamics.