Stocks trimmed losses on Thursday after data showed new orders received by U.S. factories fell for a sixth straight month in January but the drop was less than expected.
Even so, worries about General Motors' (GM.N: Quote, Profile, Research, Stock Buzz) viability and declines in financial and energy shares kept stocks in the red the day after a rally snapped a five-day losing streak.
The Dow Jones industrial average .DJI fell 90.56 points, or 1.32 percent, to 6,785.28. The Standard & Poor's 500 Index .SPX lost 9.67 points, or 1.36 percent, to 703.20. The Nasdaq Composite Index .IXIC was down 12.78 points, or 0.94 percent, at 1,340.96.
