Pending sales of existing U.S. homes in May unexpectedly fell to their lowest level in more than 5-1/2 years, data from a real estate trade group showed on Tuesday in a sign of continued weakness in the housing sector.
The news was better for factory orders, which fell at a slower-than-expected pace last month. New orders at U.S. factories slipped 0.5 percent in May, according to the Commerce Department. This was the first decline in four months.