U.S. Factory Orders Fall For Eighth Time In Nine Months

Orders for goods produced in U.S. factories slipped 0.4% in April, marking the eighth decline in nine months, the Commerce Department said Tuesday. Economists surveyed by MarketWatch had expected orders to dip 0.1% after a slightly revised 2.2% increase in the prior month. Orders for durable goods -- products meant to last at least three years -- fell 1% in April. Orders for nondurable goods rose 0.2%.