Stock Market Update
04-May-22 08:32 ET
Trade balance deficit widens in March
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +19.10. Nasdaq futures vs fair value: +38.50.
The S&P 500 futures trade 19 points, or 0.5%, above fair value.
Just in, the March trade balance report showed a deficit of $109.8 billion (Briefing.com consensus -$97.5 billion). The February deficit was revised to $89.8 billion from $89.2 billion.
The ADP Employment Change report estimated that 247,000 jobs were added to private sector payrolls in April (Briefing.com consensus 390,000). The increase in March was upwardly revised to 479,000 from 455,000.
