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Strategies & Market Trends : Steve's Channelling Thread

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To: Justa Werkenstiff who wrote (19624)7/3/2001 10:38:16 AM
From: J L Segal  Read Replies (1) of 30051
 
More hope: Factory Orders Jump 2.5 Percent in May

Orders to U.S. Factories Rise 2.5 Percent in May, Best Performance in
Nearly a Year

"Orders for computers and electronic products increased 2.3 percent in May, after falling 13.7 percent in April. A huge increase in orders for semiconductors was a major factor in the advance.

The increase in the computer and electronics sector should encourage economists. One of the reasons the Fed cited for cutting interest rates has been weak investment by businesses in computers and other high-tech equipment. The economic boom was fueled in part by strong spending in this areas."

biz.yahoo.com

JLS
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