US stocks end lower amid DPRK missile fears
www.chinaview.cn 2006-07-06 09:36:28

DPRK test-fires 6 missiles: report

    NEW YORK, July 5 (Xinhua) -- U.S. stocks ended lower Wednesday amid fears on the tensions arisen from by the reported missile test-firing by the Democratic People's Republic of Korea (DPRK), as U.S. factory orders was up 0.7 percent in May.

    At the closing time, the Dow Jones industrial average fell 76.20, or 0.68 percent, to 11,151.82, The Standard & Poor's 500 index lost 9.28, or 0.72 percent, to 1,270.91, and the Nasdaq composite index fell 37.09, or 1.69 percent, to 2,153.34.

    The United Nations Security Council met Wednesday for an emergency meeting to discuss the missile tests by DPRK.

    New orders to U.S. factories for manufactured goods rose 0.7 percent in May following a big decline in the previous month, the Commerce Department reported Wednesday.

    The slight increase left orders at a seasonally adjusted 399.9 billion U.S. dollars in May, much better than the 0.1 percent increase that economists had been expecting.

    Excluding aircraft and other transportation equipment, booking rose 1.2 percent in May. Factory orders were also higher when defense was stripped out, up 0.8 percent in the month. Enditem

Editor: Lin Li
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