U.S. Stocks Close Lower, Posting Second Day of Steep Losses
Description:U.S. stocks rose slightly in early trade after stronger-than-expected jobs data and a rise in exports.
The Commerce Department reported that the U.S. trade deficit shrank 5.1 percent to $41.55 billion in September, the smallest deficit in almost two years. The report beat economists’ expectations, suggesting economic growth in the U.S. may have been faster in the third-quarter than previously reported. Exports soared 3.1 percent, the biggest increase in more than a year.
A separate report show(0:55)