The number: Factory orders of 0.1% have come in a bit lighter than expected, and the number is down from 0.6% in June.
This isn’t a huge market-mover, however, so stocks are still up following the decent pending home sales number.
Background: Analysts are looking for growth of around 0.3%. Once again, due to yesterday’s ISM, and a few other numbers, it feels as though a miss would be taken rather negatively, as sentiment improves.
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