Business Services Industry
The Dallas Morning News Market Week column.
Knight Ridder/Tribune Business News, August, 2004
By Danielle DiMartino, The Dallas Morning News Knight Ridder/Tribune Business News
Aug. 23--There is no disputing that oil, inflation and the job market are all investor hot buttons. The same cannot be said of the U.S. trade deficit.
In fact, recent news that the trade gap hit another record didn't even raise an eyebrow. All three major stock indexes rose on Aug. 18, the day of the report's release.
By the time this trading week rolls to a close, though, investors may be regretting their ambivalence toward the deficit, some market experts say.
That's because most economists are predicting that the record $55.8 billion June deficit will be the main factor responsible for Friday's expected downward revision to the second-quarter...
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