Wall St. pares losses after data

NEW YORK (Reuters) - 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' 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.

(Reporting by Leah Schnurr; Editing by James Dalgleish)