Stocks Fall Ahead of Report on Factory Orders

By: Associated Press

Posted: Tue 10:01 AM, Jul 05, 2011

Stocks are falling in early trading ahead of several major economic reports this week.

The government is expected to report on Tuesday that factory orders rose in May. That's a sign that supply disruptions stemming from the March 11 earthquake in Japan are easing.

Reports are also due out this week on the unemployment rate and how many jobs employers added in June.

The Dow Jones industrial average is down 18, or 0.1 percent, at 12,566.

The Standard & Poor's 500 is down 3, or 0.2 percent, at 1,337. The Nasdaq composite is down 1, or 0.1 percent, at 2,815.

Last week the Dow rose 648 points, its best week in two years, after Nike reported strong earnings and Greece cleared its final hurdle before receiving another round of loans.

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Stocks Fall Ahead of Report on Factory Orders

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