: U.S. factory orders fall 0.6%, snapping 11-month growth streak


U.S factory orders slipped in April 0.6%, the the Commerce Department said Friday.

Economists surveyed by the Wall Street Journal expected a 0.2% decline, and the drop snapped an eleven-month string of consecutive increases going back to May of last year.

Orders for long-lasting durable goods fell 1.3% April, following a 1.3% increase in March

Orders for nondurable goods were up 0.1% in the month.

Orders for nondefense capital goods, excluding aircraft rose 3.4% in April, following a 1.1% decrease in March.

Stocks held on to gains driven by a jobs report that showed growth in employment, but not so strong that it risked the Federal Reserve tightening monetary policy. The S&P 500

was trading up roughly 0.7% Friday morning

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