U.S. Factory Orders Surprise to the Upside, Rise 1.1% in April

The U.S. Census Bureau factory orders report surprised to the upside on Tuesday, increasing by 1.1% in April to contribute to an annual gain of 3.8%. The prior month's factory orders index was revised to show an increase of 1.5% from the previously reported 1.4% gain. Economists were expecting a loss ...