Weekly Financial Update April 6, 2018
April 9, 2018
Following a sharp sell-off to start the week, U.S. equities recovered on Wednesday and Thursday, but closed with weakness this past Friday. The technology-heavy NASDAQ composite declined 2.1% last week, while the S&P 500 Index fell 1.4% and the blue chip Dow Jones Industrial Average shed 170 points.
Last Thursday, the Commerce Department stated that the trade gap rose 1.6% to $57.6 billion, the highest level since October 2008 and followed a slightly downward revised $56.7 billion shortfall in January. News of the widening trade deficit comes as the U.S. and China go back and forth on implementing potential tit-for-tat tariffs.
Learn more about these potential tariffs and how they can impact the U.S. trade deficit by clicking on our latest Weekly Financial Market Update below.