us trade deficit expands to record, page-2

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    re: us trade deficit better than expected NEW YORK (CNN/Money) - Stocks surged Thursday, recharging the recent rally as falling bond yields, lower oil prices and a narrower-than-expected October Treasury deficit sparked an advance.

    The federal budget deficit narrowed to $47.2 billion in October from $57.3 billion in September, the Treasury Department reported Thursday afternoon. Economists surveyed by Briefing.com thought it would narrow to $50 billion, on average.

 
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