Summary
Stocks were mixed on Monday morning as investors weighed new factory order data and looked ahead to next week’s Fed meeting. The Commerce Department said that U.S. factory orders rose 0.4% in April, down from a 0.6% gain in March and below the Reuters consensus forecast of 0.8% growth. Palo Alto Networks rose nearly 5% on news that the cybersecurity company would join the S&P 500. Apple shares also rose ahead of the company’s developer conference. The Dow fell 0.3%, the S&P rose 0.2%, and the Nasdaq rose 0.5%. Crude oil traded near $72.50 per barrel while gold rose $5 to $1975 per ounce.
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Source: finance.yahoo.com