Share on StockTwits

The U.S. trade deficit narrowed more than expected in June as petroleum imports dropped to a 3-1/2-year low, suggesting that trade was less of a drag on second-quarter economic growth than initially thought. The Commerce Department said on Wednesday the trade gap shrank 7.0 percent to $41.5 billion, the lowest reading since January.

“U.S. Trade Gap At Five-month Low, To Boost Second-quarter GDP” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.