Monday, March 5, 2012

Investors shrug off rise in factory orders

A rise in factory orders is doing little to ease investors' concerns about the economy.

The Commerce Department is reporting Tuesday that orders to U.S. factories rebounded in September after dropping in August. Orders for autos, heavy machinery and military aircraft rose.

Orders rose 0.9 percent in September, slightly better than the 0.8 percent advance economists expected.

Investors have also been drawing only modest comfort from investor Warren Buffett's decision to buy Burlington Northern Santa Fe railroad as they worry about unemployment and banks.

The Dow Jones industrials are down 38 at 9,751. The Dow was down 35 before the report. …

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