Exports fell 16.6%, the central bank reported in a statement on its website. The API data also reportedly showed gasoline stockpiles fell by 2 million barrels, while distillate inventories declined by almost 1.4 million barrels.
As earnings continue to roll in and with stimulus packages being refined, investors are taking stock of a surge in global equities that left the MSCI gauge of developed and emerging-market shares at the highest since February.
The Shanghai Stock Exchange added companies from its new technology board to the Shanghai Composite Index on Wednesday in the index's first major change in three decades. China said it would retaliate.
"In the main, the escalation in U.S". -China tensions to focus on a coronavirus vaccine candidate agreement.
The S&P 500 edged higher on Tuesday, as investors rotated into economically sensitive cyclical stocks, optimistic that Washington will deliver a new round of stimulus to sustain the US economic recovery from a pandemic-induced recession. Small-company stocks did better than the broader market. "And while prospects of a new spending bill may counter some negative sentiment, the market doesn't always move in one direction".
The earnings front offered a mixed picture as a few notable names such as Best Buy and Snap reported contrasting quarterly results.
But expectations have set a low bar.
Other notable index closes included the S&P 400 Mid-Cap Index at 1,862.40 for a gain of 14.03 points or 0.76%; the S&P 100 at 1,509.43 for a gain of 6.47 points or 0.43%; the Nasdaq 100 at 10,870.75 for a gain of 37.68 points or 0.35%; the Russell 3000 at 1,913.32 for a gain of 10.82 points or 0.57%; the Russell 1000 at 1,818.73 for a gain of 10.71 points or 0.59%; the Wilshire 5000 at 33,421.40 for a gain of 187.40 points or 0.56%; and the Dow Jones U.S. Select Dividend Index at 599.95 for a gain of 4.06 points or 0.68%. The Nasdaq Composite was down 52.42 points, or 0.49%, at 10,714.67.
Homebuilders marched broadly higher after the National Association of Realtors said sales of previously occupied USA homes climbed last month by a robust 20.7%.
Shares of United Airlines dipped 1% after the company reported a net loss of $1.62 billion for the second quarter.
Pfizer Inc advanced 3.3% as the drugmaker and German biotech firm BioNTech SE said they would get $1.95 billion from the U.S. government to produce and deliver 100 million doses of their COVID-19 vaccine candidate.
The coronavirus has infected more than 3.8 million Americans and killed at least 141,118 people.
"The market is anticipating that there will be something".
Gold was at $1,841.92 an ounce.
Oil prices slid eight cents to $41.84U.S. a barrel.
The EIA crude oil inventory report is due Wednesday.
The Japanese yen strengthened 0.4% to 106.80 per dollar. The euro strengthened to $1.1575 from $1.1569.