Capital goods are any asset that is used by a company to produce products or services for consumers. For example, car factories are capital goods used in the auto industry, while cooking ...

Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose 0.7% last month, the Commerce Department said on Wednesday.

Capital good stocks have outperformed broader markets by the wide margin during the past year. In fact, just four of the 24 stocks in the BSE Capital Goods bucket have returned losses.