U.S. factory orders rise for fifth month in past six
Orders for U.S> manufactured goods rose 0.3% in May, the Commerce Department said Wednesday. This is the fifth gain in the past six months.Durable-goods orders rose a revised 1.8% in May. That data is released ahead of the full report. Non-durable goods orders fell 1.2%.Orders excluding defense were up 0.8%.
Orders for nondefense capital goods, excluding aircraft, rose 0.7% in May, unrevised from the initial estimate. Shipments of this category were up 0.3%. U.S. stocks DJIA, -0.33% SPX, -0.06% were lower in early trading on Wednesday. The yield on the 10-year Treasury note TMUBMUSD10Y, 3.879% rose to 3.88%.
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