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-0.000349993000140077 -0.00251994960100808 -0.00727985440291208 -0.00852302953940924 -0.00496990060198802 -0.00139997200056011 0.000839983200336025 0.00195996080078399
Stock impact report

US current account deficit widens sharply in second quarter on imports [Yahoo! Finance]

The Bank of New York Mellon Corporation (BK) 
Last the bank of new york mellon corporation earnings: 4/16 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
That was the highest level since the first quarter of 2022. Economists polled by Reuters had forecast the current account deficit at $260.0 billion. The current account gap represented 3.7% of gross domestic product, the highest since the second quarter of 2022 and up from 3.4% in the first quarter. The deficit peaked at 6.3% of GDP in the fourth quarter of 2005. The large current account deficit has no impact on the dollar given its status as the reserve currency. Imports of goods increased $20.1 billion to $813.9 billion, the highest since the second quarter of 2022, boosted by gains in capital goods, mostly computer accessories, peripherals and parts as well as computers and semiconductors. Consumer goods imports also rose, driven by medicinal, dental and pharmaceutical products. Goods exports decreased $0.1 billion to $516.7 billion. There was a large decline in exports of nonmonetary gold, which offset an increase in capital goods, mainly computers. The goods trade d Show less Read more
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