S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Economy

Import Prices & Trade Deficit Trickle Out

Photo of Jon C. Ogg
By Jon C. Ogg Updated Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Today’s economic news is not going to be enough so far to drive stocks and bonds meaningfully higher or lower ahead of a three-day weekend. 

The November report on Trade Balance (the trade deficit) grew from $43.3 billion to a sum of $47.8 billion for the month.  Bloomberg had a reading of $45 billion for its consensus and the high-end of the range was -$47.6 billion.  Our deficit in trade has been wide for so long that this is nothing more than a headline at this point as far as the stock and bond markets are concerned.

In the land of inflation from input costs, the December prices in import prices was down by -0.1% for the month.  Dow Jones had a consensus of -0.1% and Bloomberg was at +0.1% on last look. The range was -1.1% to +0.9%, so this is still in the middle.

Again, there is just no reason to expect these numbers to change much in the markets today.

JON C. OGG

Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.

Continue Reading

Jon C. Ogg |

U.S. Current Account Keeps Showing Smaller Deficits

ThinkstockThe U.S. current account aims to measure the nation’s international trade balance, and it considers all goods, services and unilateral…
Jon C. Ogg |

Import Prices Rising Faster, Trade Deficit In-Line

The U.S. trade balance (what has really been the trade deficit for two decades or more) came in at -$44.2…
Jon C. Ogg |

September Trade Deficit Narrower Than Every Expectation

ThinkstockThe U.S. Trade Balance, aka the deficit, managed to come in much more narrow than expected in the month of…
Jon C. Ogg |

Trade Deficit Narrows to Lowest Reading in Years

ThinkstockThe December trade balance, known by the rest of us as the trade deficit, came in at -$38.54 billion. While…
Narrower Trade Deficit Seen in April 2016
Jon C. Ogg |

Narrower Trade Deficit Seen in April 2016

The U.S. Department of Commerce showed that imports and exports of goods were up in April, compared to March.
Jon C. Ogg |

Key Jobs Data Released Ahead of Unemployment on Friday

ThinkstockThis morning brought on several key economic releases ahead of the key Friday jobs number and unemployment data from the…
Jon C. Ogg |

US Reports Wider Trade Deficit in June

The U.S. trade balance, what the rest of us have grown used to calling the trade deficit, widened out to…
Narrower Trade Deficit for Goods
Jon C. Ogg |

Narrower Trade Deficit for Goods

The international trade deficit did not come in anywhere as high as expected in March, implying that perhaps that pesky…
February’s International Trade Deficit Widens
Chris Lange |

February’s International Trade Deficit Widens

The trade deficit came in at a wider-than-expected $47 billion in February, primarily due to a rising cross-border demand.

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618