Stocks fluctuated Wednesday after factory orders showed their the weakest performance in three months in May and as investors squared positions ahead of the government's June employment report.
The Commerce Department's report that factory orders rose by 0.6 percent _ in line with a consensus of Wall Street economists surveyed by Thomson Financial _ offered investors little incentive to make big moves either way. The increase follows a gain of 1.3 percent for April and showed weakening demand for autos, heavy machinery and steel.
The data offer further evidence that higher energy prices are causing some businesses and consumers to pare their spending. The …
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