New orders for durable goods rebounded with a 3.3% gain in April after a sharp drop in March, the Census Bureau reports. That’s more than double the expected gain, according to the median forecast from economists, as compiled by Bloomberg. Business investment (capital goods orders less aircraft and defense) also increased last month, posting a 1.2% advance. The bigger story in today’s release is that both series appear to be stabilizing, based on year-over-year comparisons. Is this a sign that the long stretch of decelerating growth for new orders has finally run its course?