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ORIGINAL POST: Last economic datapoint of the day: April factory orders come out at 10:00 AM ET.Analysts expect an increase of 0.2%.
That compares to a decline of 1.9% in the previous month.
Given all the bad news in econ data-world these days, this one will be closely watched for confirmation or negation of the trend.
The numbers are out and bad.
Factory orders fell 0.6% in April, which is way worse than the 0.2% growth anticipated.
Last month was revised to a decline of 2.1% from a decline of -1.5%.
And ext-transport, the decline was a solid 1.1%.
Markets are at their lows of the day.