September factory orders fell 2.5% month-over-month after dropping 4.3%
in August. The results were worse than the 0.8% decline that was
expected.
The stock market sports a solid gain, having a mostly muted reaction to
the data. All ten sectors are in positive territory, led by energy
(+3.9%).
Commodities are rallying in conjunction with stocks, with oil up 3.7%
to $66.26 per barrel and gold up 2.4% to $744.20 per ounce. The
dollar, meanwhile, is down 1.5% against a basket of world currencies.