NEW YORK, July 28 (UPI) -- U.S. investors took a cue from the Commerce Department Wednesday, as markets fell in the wake of disappointing durable goods data.
Economists had predicted a gain of 1.1 percent for the manufacturing sector that has been one of the bright spots of the economic recovery. Instead, durable goods orders fell 1 percent in June, the department said.
By close, the Dow Jones industrial lost 39.81 points, 0.38 percent, to 10,497.88. The Standard & Poor's 500 index lost 7.71 or 0.69 percent, to 1,106.13. The Nasdaq composite index dropped 23.69 points, 1.04 percent, to 2,264.56.
Dow component Boeing took the biggest hit, dropping 1.3 percent. McDonald's Corp. shares fell 0.63 percent.
On the New York Stock Exchange, 994 stocks advanced and 2,013 declined on a volume of 4.7 billion shares traded.
The benchmark 10-year treasury note rose 17/32 to yield 2.989 percent.
The euro fell to $1.2994 from Tuesday's $1.3003. Against the yen, the dollar dropped to 87.45 yen from Tuesday's 87.96 yen.
In Japan, the Nikkei 225 index added 2.7 percent, 256.42, to 9,753.27.
In Britain, the FTSE 100 index lost 0.86 percent, 45.99, to 5,319.68.
