Stocks Wobble in Cautious Trade

FOX Business: The Power to Prosper Wall Street drifted between gains and losses as traders digested a slew of economic data and remained on guard after several volatile trading sessions. Today's Markets As of 10:50 a.m. ET, the Dow Jones Industrial Average rose 28.7 points, or 0.23%, to 12525, the S&P 500 gained 3.6 points, or 0.27%, to 1322 and the Nasdaq Composite climbed 0.17 point, or 0.01%, to 2850. Market participants had a slew of economic data to digest on the day. The Commerce Department reported orders for long-lasting goods climbed 0.2% last month, weaker than the 0.5% increase economists expected. Excluding the transportation segment, orders were down 0.6%. Economists had been expecting a rise of 0.9%. The data provide valuable insight into the strength of the manufacturing sector at the start of the second quarter, and therefore often move the markets. Separately, the Labor Department said the number of individuals applying for first-time jobless benefits fell to 370,000 from an upwardly revised 372,000 last week. Economists were expecting claims to hold steady at an initially reported 370,000. Continue reading this article

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