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U.S. factory orders drop 2% in January

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Investing.com - U.S. factory orders fell less-than-expected in January, official data showed on Wednesday.

In a report, the U.S. Census Bureau said factory orders fell by a seasonally adjusted 2% in January, compared to expectations for a drop of 2.2%.

Factory orders in December rose by 1.8%.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD dipping 0.38% to trade at 1.3003.

Meanwhile, U.S. stock markets were mixed after the open. The Dow Jones Industrial Average rose 0.3%, the S&P 500 index added 0.25%, while the Nasdaq Composite index shed 0.1%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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