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U.S. factory orders fall 0.5% in May

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Investing.com -

Investing.com - U.S. factory orders fell more-than-expected in May, underlining concerns over the U.S. economic outlook, official data showed on Wednesday.

In a report, the U.S. Census Bureau said factory orders dropped by a seasonally adjusted 0.5% in May, worse than forecasts for a 0.3% decline.

Factory orders for April were revised up to a gain of 0.8% from a previously reported increase of 0.7%.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.18% to trade at 1.3654.

Meanwhile, U.S. stock markets were modestly higher after the open. The Dow picked up 0.1%, the S&P 500 tacked on 0.1%, while the Nasdaq 100 increased 0.2%.

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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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