Stocks Ended Lower on Trade Deficit Data

U.S. stocks ended lower on Wednesday as the data showed that the U.S. trade deficit surged to a 10-year high in 2018. The Dow Jones Industrial Average fell 133.17 points, or 0.52%, to 25,673.46. The S&P 500 dropped 18.20 points, or 0.65%, to 2,771.45. The Nasdaq Composite declined 70.44 points, or 0.93%, to 7,505.92.

U.S. benchmark oil prices declined on Wednesday following a hefty weekly rise in domestic crude inventory. West Texas Intermediate crude for April delivery gave up 34 cents, or 0.6%, to settle at $56.22 a barrel. May Brent tacked on 13 cents, or 0.2%, to $65.99 a barrel.

Amazon.com Inc will close all of its U.S. pop-up stores and focus instead on opening more book stores, a company spokesperson said on Wednesday.Amazon’s all 87 pop-up stores in the United States are expected to close by the end of April.