The trade deficit increased the most in more than ten years from a slightly upwardly revised $27.5 billion in June to $32.0 billion in July, versus the estimate calling for the deficit to reach $27.3 billion. More from Bloomberg...
The Dow Jones Industrial Average was up 80 points (0.8%) to close at 9,627, the S&P 500 Index increased 11 points (1.0%) to finish at 1,044, and the Nasdaq Composite advanced 24 points (1.2%) to 2,084. Crude oil rose $0.56 to $71.96 per barrel, and the Bloomberg gold spot price gained $3.10 to $995.40 per ounce.
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