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Factory orders for January increased by 3.1%, which is greater than the 2.1% increase that had been expected, on average, among economists polled by Briefing.com. Orders for the prior month were revised upward to reflect an increase of 1.4%.
There hasn't been any real reaction to those numbers. Instead, the stock market continues to chop along listlessly with narrow losses.
Advancing Sectors: Telecom (+0.4%), Health Care (+0.1%), Energy (+0.1%)Unchanged: Consumer Staples, Consumer Discretionary
Declining Sectors: Industrials (-0.6%), Financial (-0.5%), Utilities (-0.2%), Materials (-0.1%), Tech (-0.1%).
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