[June 09, 2011] SmarTrend Midday Market Recap -- June 9, 2011 (DJI,INX,IXIC) Tweet Jun 09, 2011 (SmarTrend(R) Market Commentary via COMTEX) -- Last updated June 9, 2011: 12:30 PM ET --- The major U.S. equity indices are trading higher Thursday following a report on the US trade gap. The Commerce Department said the trade deficit fell to $43.7 billion in April, down from a revised $46.8 billion deficit in March. The March deficit was originally reported as $48.2 billion. Exports set another record high in April, increasing $2.2 billion to $175.6 billion, while imports fell $1 billion to $220.2 billion. First time weekly claims for unemployment compensation increased 1,000 last week to 427,000 according to the Labor Department. Economists had expected initial jobless claims for the week to decline slightly to 419,000. The Dow Jones Industrial Average (DJI) is trading 0.98% higher at 12,167.46, the S&P500 (INX) is trading 0.92% higher at 1,291.32, and the Nasdaq Composite (IXIC) is trading 0.44% higher at 2,687.24. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]