Monday, February 04, 2008

Factory Orders

New orders for manufactured goods in December, up six of the last seven months, increased $10.1 billion or 2.3 percent to $441.6 billion, the U.S. Census Bureau reported today.

The market is apparently taking this negatively as the report is less than expected. Orders are up over 5% compared to last year which would seem to be a rather healthy gain, but with the negative sentiment in the market, I guess all news is bad.

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