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# U.S. trade deficit in goods narrows in April from record in prior month

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U.S. trade deficit in goods narrows in April from record in prior month
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The numbers: The U.S. trade deficit in goods narrowed 7.3% in April, according to the Commerce Department’s advanced estimate released Friday.

The deficit narrowed to $85.2 billion from a record $92 billion in March.

Economists polled by Econoday were looking to a $91 billion deficit.

The report also showed a 0.8% gain in wholesale inventories while retail inventories were down 1.6%. Excluding autos, retail inventories were up 0.5%.

Big picture: The trade gap remains wide due to the strong economy that is getting stoked by the stimulus. Trade is expected to continue to be a drag on U.S. GDP growth this year.

Market reaction: Stocks
DJIA,
+0.41%

SPX,
+0.12%
were set to open higher Friday. The Dow was on pace for its fourth monthly gain in a row.

Greg Robb

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