WSJ NEWS ALERT: U.S. Trade Deficit Narrows

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The U.S. trade deficit contracted sharply in September to $44.00 billion from $46.48 billion a month earlier, as gaps with China and other major trading partners narrowed.

U.S. imports fell 1.0% on declining demand for oil and auto imports, reflecting continued sluggish demand in the economy. Exports hit their highest level in a little over two years, boosted by record-high services exports.

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A separate report showed weekly jobless claims declined by 24,000, but still remain elevated at 435,000.

https://online.wsj.com/article/SB10001424052748703805004575606220102585994.html?mod=djemalertNEWS

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