Economic indicators

The U.S. trade deficit unexpectedly narrowed to an eight-month low in February on a surge in civilian aircraft exports, which may come under pressure after the grounding of Boeing Co.'s 737 MAX planes.

The National Association of Home Builders' housing market index rose to 63 in April from 62 in March.

U.S. factory production stalled in March as motor-vehicle output declined, adding to signs of headwinds for manufacturing and economic growth around the world.

New York service sector activity “continued to grow modestly” in April.

Business activity “grew modestly in New York State,” while the outlook fell to its lowest level in three years.

U.S. consumer sentiment fell in April for the first time in three months, missing estimates, as the long-term economic outlook dropped to the lowest in more than a year and enthusiasm over tax cuts waned.

The March import price data were up 0.6%, above expectations for a 0.4% gain.

The March producer price index data were above expectations, raising the year/year headline rate slightly.

Filings for U.S. unemployment benefits unexpectedly dropped, falling to the lowest level since October 1969, as the tight labor market showed little sign of easing.

A key measure of U.S. inflation rose less than forecast in March on a drop in apparel prices following a methodology change for data collection.