U.S. Stock Market

Mar S&P 500 E-mini stock futures this morning are up +5.50 points (+0.20%). Wednesday's closes: S&P 500 -0.05%, Dow Jones -0.33%, Nasdaq +0.24%. The S&P 500 on Wednesday closed lower on Tuesday afternoon's resignation of President Trump's economic advisor Gary Cohn, a free-trade advocate, which fueled concern President Trump will go ahead with his proposed tariffs on metal imports and ramp up his aggressive trade policies. Stocks were also undercut by the U.S. Jan trade deficit of -$56.6 billion, which was the widest deficit in 9-1/4 years and had negative implications for Q1 GDP. Stocks recovered from their worst levels on reduced trade concerns after White House Press Secretary Sanders said some countries may be exempt from tariffs based on national security considerations.