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Stocks Are Falling

Matthew BoeslerAug 6, 2013, 19:53 IST

Since the opening bell, U.S. stocks have taken a turn downward, and are now trading near their lows of the day.

Right now, the S&P 500 is trading at 1698, down 0.5% from yesterday's close.

The economic data calendar is thin this week. The only notable release in the United States today was June trade balance data, which saw the U.S. trade deficit shrink to $34.2 billion from $45.0 billion in May. Market economists predicted a much smaller reduction to $43.5 billion.

In the wake of the release, economists are revising up tracking estimates for second-quarter GDP figures.

Gold is down 1.5%, trading around $1283 an ounce, while WTI crude oil is down 1.0%, trading right around $105.50 a barrel.

Thinkorswim