{"id":73683,"date":"2026-10-27T09:08:20","date_gmt":"2026-10-27T13:08:20","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-housing-and-durable-goods-data-beat-estimates-amid-rising-middle-east-tensions\/73683\/"},"modified":"2026-10-27T09:08:20","modified_gmt":"2026-10-27T13:08:20","slug":"us-housing-and-durable-goods-data-beat-estimates-amid-rising-middle-east-tensions","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-housing-and-durable-goods-data-beat-estimates-amid-rising-middle-east-tensions\/73683\/","title":{"rendered":"US Housing and Durable Goods Data Beat Estimates Amid Rising Middle East Tensions"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US Durable Goods Orders surged 1.8% in September<\/strong>, outperforming the previous month&#39;s flat reading and signaling resilient manufacturing demand despite broader economic headwinds.<\/li>\n<li><strong>Home price growth accelerated in August<\/strong>, with the S&amp;P Case-Shiller 20-City Index rising <strong>2.65% year-over-year<\/strong>, exceeding analyst expectations of 2.61%.<\/li>\n<li><strong>United Parcel Service (<a href=\"\/stock\/UPS\">UPS<\/a>) reported a Q3 earnings beat<\/strong> but warned that <strong>average daily volume in the U.S. will be lower year-over-year<\/strong> in the crucial fourth-quarter holiday season.<\/li>\n<li><strong>Geopolitical risks intensified in the Middle East<\/strong> as Iran reported a tanker hit sea mines in the <strong>Strait of Hormuz<\/strong>, while Houthi forces claimed to repel a Saudi-led advance near the strategic <strong>Bab el-Mandeb<\/strong> strait.<\/li>\n<\/ul>\n<h2>Manufacturing and Housing Data Show Resilience<\/h2>\n<p>Fresh economic data released Tuesday suggests the U.S. economy maintained momentum through the end of the third quarter. <strong>Durable Goods Orders<\/strong> rose by <strong>1.8%<\/strong> in September, a significant rebound from the revised <strong>0.1%<\/strong> growth seen in August. While slightly below the 1.9% estimate, the data was bolstered by a <strong>1.2%<\/strong> jump in non-defense capital goods shipments, indicating that business investment remains a pillar of support for the industrial sector.<\/p>\n<p>The housing market also showed signs of firming prices. The <strong>S&amp;P Case-Shiller 20-City Home Price Index<\/strong> grew <strong>2.65%<\/strong> on an annual basis in August, up from <strong>2.47%<\/strong> in July. Simultaneously, the <strong>FHFA House Price Index<\/strong> reported a <strong>0.3%<\/strong> monthly increase, topping the <strong>0.2%<\/strong> forecast. Analysts noted that while high mortgage rates continue to challenge affordability, limited inventory is keeping a firm floor under home valuations.<\/p>\n<h2>UPS Beats Estimates but Issues Cautious Volume Outlook<\/h2>\n<p>United Parcel Service (<a href=\"\/stock\/UPS\">UPS<\/a>) delivered a third-quarter earnings beat, driven by strong pricing power and cost-cutting initiatives. The logistics giant reported adjusted earnings of <strong>$1.69 per share<\/strong>, surpassing the consensus estimate of <strong>$1.62<\/strong>. Revenue also climbed <strong>6.7%<\/strong> year-over-year to <strong>$22.9 billion<\/strong>, supported by an <strong>18.2%<\/strong> revenue jump in its Supply Chain Solutions segment.<\/p>\n<p>However, management provided a cautious outlook for the &quot;peak&quot; shipping season. CEO Carol Tom\u00e9 stated that <strong>U.S. average daily volume is expected to be lower year-over-year in Q4<\/strong>, reflecting a shift in consumer behavior and a leaner network following the company&#39;s strategic reduction in Amazon-related volume. Despite the volume warning, the company raised its full-year revenue guidance to approximately <strong>$92.6 billion<\/strong>.<\/p>\n<h2>Maritime Security Risks Escalate in Global Choke Points<\/h2>\n<p>Global energy markets remain on edge as conflict in the Middle East threatens critical shipping lanes. The <strong>Iranian Navy<\/strong> announced on Tuesday that a &quot;violating&quot; tanker struck sea mines east of the <strong>Strait of Hormuz<\/strong>, an area that handles roughly 20% of the world&#39;s oil supply. This follows reports of multiple tankers being disabled by mines in recent weeks as Tehran asserts &quot;sovereignty&quot; over the waterway amid ongoing regional hostilities.<\/p>\n<p>Further south, <strong>Houthi forces<\/strong> in Yemen claimed to have repelled a major Saudi-led military advance near the <strong>Bab el-Mandeb<\/strong> strait. The group reportedly used ballistic missiles and heavy weaponry to target Saudi-backed positions, resulting in significant casualties. The escalation in both the Red Sea and the Persian Gulf continues to pressure global supply chains and keep <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> volatile as traders weigh the risk of a broader regional blockade.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US Durable Goods Orders surged 1.8% in September, outperforming the previous month&#39;s flat reading and signaling resilient manufacturing [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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