The trade deficit widened from $59.0 billion in January to $62.3 billion in February, larger than a forecast gap of $57.5 billion. Exports rose 2.0% to a record $151.4 billion but imports surged 3.1% to $213.7 billion, despite economic weakness. Details from Bloomberg...

The Dow Jones Industrial Average gained 55 points (0.4%) to close at 12,582, the S&P 500 Index rose 6 points (0.4%) to 1,361, and the Nasdaq Composite advanced 30 points (1.3%) to 2,352. Crude oil dropped $0.76 to $110.11 per barrel, and gold ended down $7.10 at $926.50 per ounce.

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