New orders for long-lasting U.S. manufactured goods fell unexpectedly for a second straight month, marking their largest decline since August, in a fresh sign the economy had slowed in the second quarter. But some analysts said the report was respectable after stripping out certain categories.
The Dow Jones industrial average <.DJI> fell 39.81 points, or 0.38 percent, to end at 10,497.88. The Standard & Poor's 500 Index <.SPX> fell 7.71 points, or 0.69 percent, to finish at 1,106.13. The Nasdaq Composite Index <.IXIC> slipped 23.69 points, or 1.04 percent, to close at 2,264.56.
NYMEX-NEW YORK, July 28 (Reuters) - U.S. crude oil futures fell a second straight day on Wednesday, slipping on government oil inventory data showing a large crude oil stocks build last week as imports surged.
Crude oil prices also were pressured by weak durable goods orders data that pushed U.S. equities lower and kept concerns about the pace of economic recovery in focus.
On the New York Mercantile Exchange, September crude
CBOT-CHICAGO, July 28 (Reuters) - Chicago Board of Trade grain and soy complex close on Friday.
CBOT-SOYBEANS - August
CBOT-SOYOIL - August
FCPO-JAKARTA, July 28 (Reuters) - Malaysian crude palm oil closed up 0.4 percent on Wednesday on concern that rains will slow output, which countered expectations of slowing demand from India.
Concern remained that a brewing La Nina weather event, which brings more rains to palm oil producing Southeast Asia and hotter weather to soybean growing U.S. and South America, will affect output.
The benchmark October contract
REGIONAL EQUITIES-BANGKOK, July 28 (Reuters) - Major Southeast Asian stock markets posted small gains on Wednesday, supported by favourable quarterly earnings against a background of strong regional growth.
However, broker Citi said the earnings outlook for the second half was not as good in several Asian countries as export markets weakened and some stock markets could suffer if profit forecasts were revised down.
Singapore's main share index <.FTSTI> pushed 0.2 percent higher and hovered around three-month highs, while Malaysia <.KLSE> inched up 0.2 percent, to just below a 29-month peak hit the previous d In Singapore, big banks gained ahead of their quarterly results. DBS Group
Financial firms outperformed in Kuala Lumpur, with Hong Leong