(Reuters) - It was the first drop in durable goods orders since January
and followed a 1.1 percent rise in April, the Commerce
Department said on Wednesday. Analysts were expecting orders to
slip by only 1 percent.
A separate report showed U.S. mortgage applications fell
for the second straight week as interest rates remained near
recent highs and made home buying more expensive.
Read more at Reuters.com Economic News
and followed a 1.1 percent rise in April, the Commerce
Department said on Wednesday. Analysts were expecting orders to
slip by only 1 percent.
A separate report showed U.S. mortgage applications fell
for the second straight week as interest rates remained near
recent highs and made home buying more expensive.
Read more at Reuters.com Economic News
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