[July 05, 2011] SmarTrend Midday Market Recap -- July 5, 2011 (DJI,INX,IXIC) Tweet Jul 05, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated July 5, 2011: 1:00 PM ET --- The major U.S. equity indices are mixed Tuesday despite its best week in two years as questions remain over the economy and the debt ceiling. Volume is expected to remain low following the Independence Day holiday ahead of Friday's jobs report. New orders for manufactured goods increased 0.8% in May to $445.3 billion, the U.S. census bureau reported today. Economists had forecast a 0.9% rise. April's factory orders were revised upwards to $441.7 billion, signifying a 0.8% fall from March, after being originally reported as down 1.2%. Excluding the transportation sector, new orders increased 0.2%. Shipments rebounded slightly as well, rising 0.1% from a 0.4% decline in April. That's the eighth increase in the last nine months. In corporate news, Energy Transfer Equity LP (NYSE:ETE) raised its bid to buy Southern Union Co. (NYSE:SUG) by 21% to about $5 billion, topping Williams Cos. (NYSE:WMB) $4.9 billion bid. The Dow Jones Industrial Average (DJI) is trading 0.01% higher at 12,584.17, the S&P500 (INX) is trading 0.03% lower at 1,339.29, and the Nasdaq Composite (IXIC) is trading 0.33% higher at 2,825.21. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]