Investing.com - U.S. factory orders rose less-than-expected in April, official data showed on Wednesday.
In a report, the U.S. Census Bureau said factory orders rose by a seasonally adjusted 1% in April, compared to expectations for an increase of 1.6%.
Factory orders in March fell by 4.9%, downwardly revised from a previously reported decline of 4%.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.1% to trade at 1.3071.
Meanwhile, U.S. stock markets remained lower. The Dow Jones Industrial Average fell 0.3%, the S&P 500 index declined 0.3%, while the Nasdaq Composite index dipped 0.1%.
In a report, the U.S. Census Bureau said factory orders rose by a seasonally adjusted 1% in April, compared to expectations for an increase of 1.6%.
Factory orders in March fell by 4.9%, downwardly revised from a previously reported decline of 4%.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.1% to trade at 1.3071.
Meanwhile, U.S. stock markets remained lower. The Dow Jones Industrial Average fell 0.3%, the S&P 500 index declined 0.3%, while the Nasdaq Composite index dipped 0.1%.