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Daily Market Wrap: July 2, 2013

Market News Video
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July 02, 2013 AT 4:06 PM
It was a light day of trading on Wall Street with all the major indices lower this afternoon, as investors remain cautious ahead of Friday's government jobs report. On the economic front, the Commerce Department is reporting a 2.1% gain in factory orders in May, exceeding expectations for a gain of 2%.