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Market Update : 
Durable Goods Orders Drop
Author: Elena Todorova
123jump.com
Last Update: 9:23 AM EDT May 24 2006



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The Commerce Department reported that new orders for durable goods fell 4.8% in April following a 6.6% increase in March due largely to a significant drop in orders for transportation equipment, which fell 12.7% in April. The decrease was much steeper than the modest 0.5% decline that economists had been expecting.

 

 

 

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