Factory Orders tumble much more than expected
New orders for factory products tumbled much more than expected in May, posting their sharpest drop since the depth of the recession and their first decline in nine months, a government report showed on Friday.
The Commerce Department said Friday that orders for manufactured goods decreased 1.4 percent in May. It was the biggest drop since [...]
Caterpillar helps boost US Stocks
U.S. stocks opened modestly higher on Monday after heavy-equipment maker Caterpillar Inc. reported positive results and said the global economy is improving. Shares of Caterpillar were up 4.2%, helping lift the Dow Jones Industrial Average, which gained 34.31 points to 11,238.59. The S&P 500 Index rose 2.07 points to 1,219.35. The Nasdaq Composite climbed 4.94 [...]
Existing U.S. Home Sales Drop 0.6 percent
Sales of existing homes fell for a third straight month in February, pushing sales down to the lowest level since last July. There is concern the fragile housing rebound is faltering, making it harder for the overall economy to recover.
The National Association of Realtors said Tuesday that sales of previously occupied homes dropped 0.6 percent [...]
