Just one day after the Dow hit an all-time high, the markets turned mixed, even as the latest economic data showed signs of an improving economy.
The ADP National Employment Report showed a gain of 198,000 private sector jobs in February, while economists were expecting a gain of 170,000. Meanwhile, January's numbers were revised upward to 215,000.
The Commerce Department said there was a 2 percent drop in factory orders in January, mostly due to a weaker demand in volatile aircraft and defense orders.
After three weeks of declines, the Mortgage Bankers Association is reporting a jump in weekly mortgage applications, up 14.8 percent last week.
On the earnings front, American Eagle Outfitters (NYSE:AEO) missed earnings expectations for its fourth quarter, and the retailer also posted a first quarter earnings forecast that fell short of estimates.
Tomorrow, we'll take a look at the numbers for weekly jobless claims as well as earnings from Smithfield Foods (NYSE:SFD).
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