US markets dip as trade gap widens and oil price rises
- 5 May 2015
- From the section Business
(Close): Wall Street closed lower after trade figures show the US deficit jumped sharply in March, suggesting weaker economic growth, and the price of oil hit a 2015 high.
The deficit, at $51.4bn, was at its highest in more than six years.
The technology-heavy Nasdaq index fell 77.60 points to finish at 4,939.33.
Disney dipped 0.2% despite quarterly earnings coming in above estimates.
Cosmetics giant Estee Lauder roes over 4% after it reported better-than-expected profits.
Tesla Motors shares rose 1.1% after a broker upgrade.
Shares in Salesforce.com closed up 1.6%, after spiking more than 5% amidst rumours that the firm was in talks to be bought by Microsoft.