This post was originally published on this site
The numbers: The trade deficit narrowed 8.2% to $68.9 billion in April from a record revised $75 billion in the prior month, the Commerce Department said Tuesday.
Economists polled by The Wall Street Journal had forecast the deficit to narrow to $69 billion.
What happened: Exports expanded 1.1% to $205 billion in April, while imports fell 1.4% to $273.9 billion.
Big picture: The trade deficit is widening this year given stronger U.S. growth compared with trading partners. But other major economies are now starting to reopen.
Market reaction: Stocks
DJIA,
SPX,
were struggling for direction on Tuesday while the yield on the 10-year Treasury note
TMUBMUSD10Y,
was down 3 basis points to 1.542%.
