Investing.com – U.S. factory orders rose for the first time in three months in November, but failed to meet market expectations official data showed on Wednesday.
In a report, the U.S. Census Bureau said factory orders rose by a seasonally adjusted 1.8% in November, just below expectations for a 1.9% increase.
The previous month’s figure was revised to a 0.2% decline from a previously reported 0.4% drop.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD dropping 0.81% to trade at 1.2943.
Meanwhile, U.S. stock markets were broadly lower after the open. The Dow Jones Industrial Average shed 0.2%, the S&P 500 index declined 0.5%, while the Nasdaq Composite index slumped 0.45%.
In a report, the U.S. Census Bureau said factory orders rose by a seasonally adjusted 1.8% in November, just below expectations for a 1.9% increase.
The previous month’s figure was revised to a 0.2% decline from a previously reported 0.4% drop.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD dropping 0.81% to trade at 1.2943.
Meanwhile, U.S. stock markets were broadly lower after the open. The Dow Jones Industrial Average shed 0.2%, the S&P 500 index declined 0.5%, while the Nasdaq Composite index slumped 0.45%.