Factories see big-ticket orders fall in May
U S durable goods orders dropped 1.6 percent in May after a 2.6 percent April decline, amid soft demand for cars machinery and computers. New home sales surged 14.8 percent to a record 1.37 million annual rate, with gains led by the Northeast South and West while the Midwest held steady. Unemployment claims rose 13,000 to 349,000 as offices reopened after Reagan’s national day of mourning.