Stock Market Update
06-Aug-24 09:17 ET
Key takeaway from econ data
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +20.00. Nasdaq futures vs fair value: +66.00.
The S&P 500 futures are up 20 points and are trading 0.5% above fair value, the Nasdaq 100 futures are up 66 points and are trading 0.5% above fair value, and the Dow Jones Industrial Average futures are up 64 points and are trading 0.4% above fair value.
The trade deficit narrowed to $73.1 billion in June (Briefing.com consensus $72.8 billion) from an upwardly revised $75.0 billion (from -$75.1 billion) in May with exports exceeding imports by $1.9 billion.
The key takeaway from the report, though, is that both exports and imports increased in June, which is a constructive trade dynamic for the global economy.
