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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (44334)11/20/2001 8:47:58 AM
From: Dealer  Read Replies (1) | Respond to of 65232
 
This could be what weighting on the market......Reality??

U.S. Trade Gap Narrows by Record Amount
WASHINGTON (Reuters) - The U.S. trade deficit posted its biggest monthly narrowing on record, with both imports and exports of a broad range of goods and services plummeting in an economy that screeched to a halt after the attacks on the World Trade Center and the Pentagon.

The Commerce Department said on Tuesday the September trade gap dropped by $8.4 billion to $18.7 billion from $27.1 billion in August, the biggest monthly shrinking since January 1992 when the government began tracking these figures. It was also the smallest level reached since $18.4 billion in March of 1999.

The September trade gap showed deep declines in international travel, passenger fares and other services, as businesses and consumers -- chilled by the hijacked plane attacks and subsequent concerns over anthrax -- kept their wallets snapped shut.

U.S. exports totaled nearly $77.3 billion, down from $84.5 billion, the lowest since March 1999. Imports, also the lowest since March 1999, plunged to $96 billion in September from $111.62 billion.