Stocks mixed at opening following trade gap news
Stocks opened mixed this morning following encouraging news about the U.S. trade gap.
In the first 25 minutes of trading, the Dow is flat.
The broader S&P 500 is down more than one-tenth of 1 percent, and the tech-heavy Nasdaq is up less than one-tenth of 1 percent.
The Commerce Department said this morning that the trade gap in February increased 7.4 percent to $39.7 billion, slightly more than forecasters expected. U.S. exports edged up 0.2 percent, but imports in February increased 1.7 percent, a sign that spending is increasing. Consumer spending accounts for about 70 percent of U.S. GDP.
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Frank Ahrens
|
April 13, 2010; 9:44 AM ET
| Tags: Balance of payments, Business, Commerce Department, Export, International trade, Twitter, United States, United States Department of Commerce
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Posted by: tossnokia | April 13, 2010 10:27 AM | Report abuse
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Posted by: tossnokia | April 13, 2010 10:33 AM | Report abuse
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Mixed drinks at 5 O'c and flat isn't bad. 0.2% hardly seems worth notice. The computers go haywire over that sort of thing. Every or anything can add up quick. The numbers end up where they end up. More bad news and the worst to come. Cheer up!