U S stocks down on lay off reports

U S stocked closed down after the two days advance.Retail sales and news of possilble lay off in AT&T and Dupont Co. are the factors which brought Dow to down.When we talking about initial claims ,it was better than expected.Our team expected 540k against 509k outcome number.But the factory orders were much ugly.It down to -5.1% from -2.5%.The down ward movement in factory number shows slowdown in growth,slowdown in factory production etc.This could easly spread to GDP numbers.