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As my colleague Melly Alazraki mentioned this morning, factory order data recently graced the Street. According to the government, factory orders increased 0.6% in February. This data gave the bulls a bit of encouragement, as the major indices began to climb off of their morning lows. Unfortunately, this news appears to be one of the lone bright spots in the day's data.
The Chicago purchasing managers index (PMI) reflected a drop to 58.8% from 62.6%. While a drop was expected, this decline was larger than expected. Experts called for a slip to 59.9%.
Today's 
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
