US STOCKS-Market briefly rises on data, then swoons again
(Updates with reaction to factory orders)
NEW YORK, Sept 3 (Reuters) - U.S. stocks briefly rose in choppy trade on Wednesday on a government report that showed a rise in factory orders, but the market quickly resumed its slide.
A recovery in shares of energy companies, including Exxon Mobil (XOM.N), and natural resource companies also added to the brief bounce.
Concerns that the global economy may be slowing and threatening the profit outlook soon held sway and drove indexes back into the red.
The Dow Jones industrial average .DJI was down 29.47 points, or 0.26 percent, at 11,487.45. The Standard & Poor's 500 Index .SPX was down 3.16 points, or 0.25 percent, at 1,274.42. The Nasdaq Composite Index .IXIC was down 5.85 points, or 0.25 percent, at 2,343.39. (Reporting by Ellis Mnyandu; Editing by Kenneth Barry)
