Wall Street Seeks Direction; Data in Focus

FOX Business: The Power to Prosper The markets were in search of direction on Thursday, with stocks at the highest levels in three months, as traders considered economic data from the U.S. and China. Today's Markets As of 9:32 a.m. ET, the Dow Jones Industrial Average fell 8.4 points, or 0.06%, to 13168, the S&P 500 dipped 1.4 points, or 0.09%, to 1401 and the Nasdaq Composite rose 2 points, or 0.06%, to 3013. Wall Street has risen for four days in a row, although it struggled to find momentum on the day. The Commerce Department reported the U.S. trade deficit fell 10.7% to $42.9 billion in June from the month before. The deficit was the narrowest since December 2010 and considerably smaller than the $47.5 billion economists expected. The difference between exports and imports, while lagging, will figure directly into broader measures of economic output. Continue reading this article

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