While you were sleeping: US factory orders surprise

Tue, 03 Jul 2012

By Margreet Dietz July 4 (BusinessDesk) - A bigger-than-expected jump in US factory orders helped propel Wall Street in a day of trading shortened before a national holiday, supported by optimism that help from policy makers is at hand. A Commerce Department report showed that orders to factories rose 0.7 percent in May, surpassing expectations for a 0.1 percent advance. Wall Street closed early on Tuesday and will be closed Wednesday for the July 4th holiday. At the New York close of 1pm, the Dow Jones Industrial Average was up 0.56 percent...

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