Wednesday, June 27, 2007

May durable goods orders fall, stir growth fears

(Reuters) - It was the first drop in durable goods orders since January and followed a 1.1 percent rise in April, the Commerce Department said on Wednesday. Analysts were expecting orders to slip by only 1 percent.




A separate report showed U.S. mortgage applications fell for the second straight week as interest rates remained near recent highs and made home buying more expensive.


Read more at Reuters.com Economic News

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