The trade deficit widened from an unrevised $40.3 billion in April to $42.3 billion in May, versus the Bloomberg estimate calling for the deficit to decrease to $39.0 billion.
The Dow Jones Industrial Average rose 147 points (1.4%) to close at 10,363, the S&P 500 Index increased 17 points (1.5%) to finish at 1,079, and the Nasdaq Composite gained 44 points (2.0%) to 2,242. Crude oil rose $2.20 to $77.15 per barrel, while the Bloomberg gold spot price gained $14.15 to $1,211.00 per ounce.
Magnificent Seven Update
