Stocks trade higher after rise in factory orders

COMMENT ON THIS ARTICLE Comments are regulated by the Comments from Examiner Readers 1:57 PM MST on Fri., Jun. 27, 2008 re: "Wall Street pares losses in volatile trading" Examiner Reader said: This quote from the article demonstrates the common practice of reporters fueling panic to get eyeballs on their work (emphasis added)....Investors GOT LITTLE SOLACE from economic data released on Friday. The Commerce Department said SPENDING ROSE 0.8 percent in May, as taxpayers started receiving their stimulus checks. The increase was HIGHER than the 0.7 percent economists predicted. The report also said personal incomes SURGED 1.9 percent -- SIGNIFICANTLY MORE THAN ANTICIPATED. After taxes, incomes surged 5.7 percent, the LARGEST AMOUNT in 33 years. Can someone please explain to me how this positive news equates to investors... [read full story]