The S&P 500 (SPX) is falling on Thursday after the Bureau of Economic Analysis (BEA) provided a disappointing trade balance update.
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In November, the U.S. trade deficit nearly doubled to $56.8 billion from $29.2 billion, above the consensus estimate of $44 billion. The data was delayed due to last year’s government shutdown.
During the month, imports increased by 5% to $348.9 billion, while exports fell by 3.6% to $292.1 billion.
*This is a developing story. Stay tuned for additional updates.*
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