WSJ NEWS ALERT: U.S. Trade Deficit Narrows


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.

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