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Durable-goods orders slump in April as business investment almost dries up

Jeffry Bartash
Durable-goods orders slump in April as business investment almost dries up

Orders for durable or long-lasting goods fell 2.1% in April, largely because of falling demand for Boeing airplanes and new cars and trucks. Business investment also continued to weaken, reflecting worries about the China trade fight and a slower U.S. economy.