Wednesday, April 2, 2008

Factory Orders Drop 1.3% in February

The Commerce Department reported that factory orders fell 1.3% in February, worse than the forecast of a 0.8% decline. More from Bloomberg...

The Dow Jones Industrial Average fell 45 points (0.4%) to close at 12,609, the S&P 500 Index declined 3 points (0.2%) to 1,368, and the Nasdaq Composite dipped 1 point (0.1%) to 2,361. Crude oil gained $3.85 to $104.83 per barrel, and gold ended up $20.40 at $903.30 per ounce.

Magnificent Seven Update