US stocks drift lower amid soft data

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New York, April 5 (IANS) US stocks fluctuated narrowly in the morning session on Monday as the country’s factory orders came out weaker than expected.

By midday, the Dow Jones Industrial Average fell 48.25 points, or 0.27 percent, to 17,744.50, Xinhua news agency reported.

The S&P 500 lost 6.07 points, or 0. 29 percent, to 2,066.71. The Nasdaq Composite Index decreased 23. 61 points, or 0.48 percent, to 4,890.94.

On Friday, US stocks reversed early losses to close higher after the better-than-expected jobs data.

For last week, all three major indices posted solid gains, with the Dow, the S&P 500 and the Nasdaq surging 1.6 percent, 1.8 percent and 3.0 percent, respectively.

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