The trade gap widened from $57.8 billion in October to $63.1 billion in November, worse than the forecast of a rise to $59.5 billion. US exports rose 0.4% to a record $142.3 billion, while the price of crude oil imports rose. Details from Bloomberg...
The Dow Jones Industrial Average dropped 247 points (1.9%) to close at 12,606, the S&P 500 Index lost 19 points (1.4%) to 1,401, and the Nasdaq Composite declined 49 points (2.0%) to 2,440. Crude oil fell $0.81 to $92.90 per barrel, and gold ended up $3.80 at $897.40 per ounce. For the week, the DJIA closed 1.5% lower, the S&P 500 Index dropped 0.8%, and the Nasdaq Composite declined 2.6%.
Magnificent Seven Update
Weekly Analysis Of Magnificent Seven ETFs
