US core capital goods orders rose 3.3% in March, the biggest gain since mid-2020, extending strong investment driven by AI spending, Commerce Department data showed. February was revised up to a 1.6% increase. Overall durable goods orders rose 0.8%, with Boeing Co. reporting slightly higher aircraft bookings. Gains were seen in communications equipment, electrical hardware, motor vehicles and military aircraft. Investment is expected to remain firm, though the Iran war and rising commodity price

US core capital goods orders rose 3.3% in March, the biggest gain since mid-2020, extending strong investment driven by AI spending, Commerce Department data showed. February was revised up to a 1.6% increase. Overall durable goods orders rose 0.8%, with Boeing Co. reporting slightly higher aircraft bookings. Gains were seen in communications equipment, electrical hardware, motor vehicles and military aircraft. Investment is expected to remain firm, though the Iran war and rising commodity prices add uncertainty.