U.S. stock indexes climbed Friday after the U.S. Commerce Department said the U.S. trade deficit shrank $19.5 billion from 2011 to 2012.
The annual decline was pushed by a surprising trading gap of $38.5 billion in December from $48.6 billion in November. Economists had expected a drop, but only to $46 billion.
In midmorning trading Friday, the Dow Jones industrial average added 64.47 points or 0.46 percent to 14,008.52. The Dow needs to top 14,009.79 at the close to claim a fifth consecutive week of gains.
The Nasdaq composite index added 27.77 points or 0.88 percent to 3,192.90. The Standard & Poor's 500 gained 8.05 points or 0.53 percent to 1,517.44.
The 10-year treasury note fell 7/32 to yield 1.981 percent.
Against the dollar, the euro fell to $1.3382 from Thursday's $1.3397. The dollar fell to 92.74 yen from 93.63 yen.
In Tokyo, the Nikkei 225 index dropped 203.91 points, 1.8 percent, to 11,153.16.
Most Popular Stories
- Nelson Mandela Dies After Momentous Life
- Twitter Names Woman to Board
- NSA Tracks 5 Billion Cellphone Records a Day
- Nelson Mandela Dead at 95
- Pope Francis Says He'll Fight Child Sex Abuse
- Yemen Attack Kills 52
- Fast-Food Workers Want $15 an Hour
- W.H. Corrects Itself on Unclegate
- Roybal-Allard Tours Gordon Brush Plant
- Aspen Contracting Adding 300 Jobs