Stocks posted their first gain in six-days after a climb in export levels and a narrower-than-expected deficit gave investors some semblance of optimism about the state of the U.S. economy.
The market is showing that the recovery is "relatively firmly entrenched," said John Canally, economist at LPL Financial. "We're kind of bouncing around here and meandering around the input from economic and policy data," he added.
The trade deficit unexpectedly narrowed to $43.7 billion April, from a deficit of $46.8 billion in March according to a report from the Census Bureau. Economists had expected it to widen slightly to a shortfall of $48.7 billion, according to Briefing.com. U.S. exports came in at $175.6 billion for April, a new record.
Dow Jones Industrial Average
(DJI: ^DJI )
| Index Value: | 12,124.36 |
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| Trade Time: | 4:02PM EDT |
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| Change: |  75.42 (0.63%) |
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| Prev Close: | 12,048.94 |
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| Open: | 12,049.47 |
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| Day's Range: | 12,049.09 -12,183.12 |
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| 52wk Range: | 9,596.04 -12,928.50 |
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