Investing.com - U.S. factory orders fell less-than-expected in December, easing concerns over the U.S. economic outlook, official data showed on Tuesday.
In a report, the U.S. Census Bureau said factory orders declined by a seasonally adjusted 1.5% in December, compared to forecasts for a 1.7% drop. Factory orders in November rose by 1.5%.
Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.16% to trade at 1.3507.
Meanwhile, U.S. stock markets were higher after the open. The Dow Jones Industrial Average rose 0.35%, the S&P 500 index added 0.6%, while the Nasdaq Composite index increased 0.55%.
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