While you were sleeping US jobs, factory orders

Wed, 02 Apr 2014

By Margreet Dietz April 3 (BusinessDesk) – The Standard & Poor’s 500 Index rose to a fresh record after solid data on US jobs and factory orders underpinned optimism about the outlook for the world’s largest economy. US companies added 191,000 payrolls in March, according to ADP Research Institute data, while a separate Commerce Department report showed factory orders rose 1.6 percent in February, up from a revised 0.5 percent increase in January. The company-hiring data “showed a respectable and near-expected gain, but that probably won’t b...

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