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Article: Stocks slightly higher after trade data
- Article from:
- AP Online
- Article date:
- November 13, 2009
- Author:
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Stocks are bouncing back from a sharp sell-off a day earlier as investors weigh a bigger-than-expected increase in the trade deficit and more retail earnings reports.
The slight gains in stocks come as the Commerce Department says the trade deficit jumped 18.2 percent in September to $36.5 billion, driven by a big rise in imports. That is more than the $31.7 billion imbalance economists had expected.
A better-than-expected earnings report from teen clothing retailer Abercrombie & Fitch Co. and an improved outlook from department-store chain J.C. Penney Co. are supporting the early gains in stocks.
The Dow Jones industrial average is up 18 at 10,216. The Standard ...