Stock Market Update
04-Aug-26 10:30 ET
June factory orders
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[BRIEFING.COM] The S&P 500 (+0.9%), Nasdaq Composite (+1.6%), and DJIA (+1.1%) remain firmly higher as tech stocks continue to outperform.
Factory orders decreased 0.3% month-over-month in June (Briefing.com consensus: 0.2%) following an upwardly revised 1.1% decline (from -1.3%) in May. Excluding transportation, factory orders decreased 0.4% on the heels of a 2.0% increase in May. Shipments of manufactured goods fell 0.2% after increasing 1.6% in May.
The key takeaway from the report is rooted in the strong business investment activity, which shows up in the 1.2% increase in new orders for capital goods, excluding aircraft, that followed a 1.9% increase in May.
