The Traderszone Network

Published in TZ Latest News 5 May, 2015 by The TZ Newswire Staff

Wall St. set for lower open as trade data suggests GDP contraction

The U.S. trade deficit surged to its highest level in nearly 6-1/2 years in March and the $51.4 billion trade gap was far larger than the $45.2 billion deficit the government assumed in its snapshot of first-quarter gross domestic product last week. “The dollar is clearly one factor in the lower revenue number,” said Tom Donino, co-head of trading at First New York Securities in New York.