US MARKET BREAKING NEWS 13/7

1. Trade Deficit Jumps More than Expected, At $50.23 Billion in May, Largest Since October 2008


2. Stocks opened flat Tuesday, wiping out most of their losses in the pre-market trading. However, investors continued to worry over the ongoing euro zone debt crisis and the struggle to break the impasse over a reduction in the U.S. deficit.

 3. Stocks wavered in a tight range Tuesday as investors remained cautious amid worries over the European debt crisis and the impasse over a reduction in the U.S. deficit. Cisco gained, while Intel lagged.

4. Federal Reserve policy makers discussed a possible third round of stimulus and an exit strategy at their last meeting, the minutes show.

 

5. Stocks closed lower for the third session Tusday after shrugging off the latest Fed minutes even as some officials raised the possibility of further easing and following news that Moody's downgraded Ireland's rating, raising further contagion fears.