Stock Market Update
05-Aug-25 08:33 ET
Trade defecit narrows
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +9.00. Nasdaq futures vs fair value: +50.00.
The stock market is poised for a higher open, with the S&P 500 futures currently trading 11 points above fair value.
In an interview with CNBC, President Trump said that he is considering four candidates for the future role of Federal Reserve Chair, with Treasury Secretary Scott Bessent not among the cohort, as he will remain in his current role.
Just released, the trade deficit narrowed to $60.2 billion in June (Briefing.com consensus: -$67.5 billion) from a downwardly revised $71.7 billion deficit (from -$71.5 billion) in May.
