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Economic Report: U.S. factory orders rise in May, fifth gain in past six months

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.

Economists surveyed by the Wall Street Journal were expecting a 0.6% rise.

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%. 

Transportation orders had the biggest gain. Factory orders excluding auto and planes were down 0.5%.

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


were lower in early trading on Wednesday. The yield on the 10-year Treasury note

rose to 3.88%.

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