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12 April 05: US Stocks Drop After US Trade Deficit Hits New Record


U.S. stock market indicators fell in today's early trading after a government report showed the nation's trade deficit hit a new record high.

The Dow Jones Industrial Average dropped 36 points to hit 10,413. The S&P 500 was down five points at 1177, while the NASDAQ was off 12 points at 1981.

European share prices were lower in midday trading. London's Financial Times index, the CAC-40 in Paris, and the DAX index in Frankfurt were all off two-tenths of a percent or more.

Earlier in Asia, Tokyo's Nikkei index lost 75 points to close at 11,670. The Hang Seng index in Hong Kong closed down two points at 13,658.

The price of gold is down a half-dollar, trading at 427 dollars, 42 cents-an-ounce in New York.

The dollar in New York is higher against the yen and the euro.

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