US Stocks Climb as Trade Deficit Widens; Gold, Silver Rally
MarketsFN Team
US Stocks Climb as Trade Deficit Widens; Gold, Silver Rally
Major US indices advanced on Tuesday despite a widening trade deficit, with the S&P 500 gaining 0.58% to close at 7,818.93 as commodities surged and investors digested mixed economic data. Precious metals led gains as gold jumped 0.98% to $4,197.40/oz amid geopolitical tensions.
🇺🇸 US Session Overview
The Dow Jones rose 0.49% to 51,521.28 while the Nasdaq 100 gained 0.48% to 31,224.47, shrugging off a 10.6% monthly plunge in German factory orders that initially weighed on European markets. Small caps underperformed as the Russell 2000 fell 0.59% to 2,830.30, reflecting concerns about domestic economic resilience after the US trade deficit ballooned to $105.6 billion - its widest since pre-tariff levels. Tech held steady despite Meta's announcement of new AI bot governance measures.
📅 Economic Calendar Highlights
August's trade deficit surge to -$105.6B (vs -$100.8B forecast) dominated headlines, driven by a 5.4% jump in imports to $420.8B. The ADP employment change showed steady weekly gains (23.8K vs prior 22.5K), while Canada surprised with a CA$4.2B trade surplus versus CA$1.5B expected. Treasury yields rose after a 3-year note auction cleared at 4.932%, up sharply from September's 4.474%.
💱 FX & Commodities
The dollar index edged higher as USD/JPY rose 0.27% to 158.15 and USD/CHF gained 0.43%. Commodity currencies outperformed with AUD/USD up 0.49% as silver surged 1.5% to $61.78/oz and WTI crude rose 0.57% to $89.94/bbl amid renewed Middle East supply concerns. Natural gas jumped 1.83% while cryptocurrencies lagged, with Bitcoin dipping 0.18% to $85,632.
Asian markets open with focus on Japan's bond market after today's 3.101% JGB auction yield signaled continued BOJ policy pressure. Wednesday's US session brings fresh jobless claims data and Fed speakers, with oil traders monitoring Iran's Strait of Hormuz activity after today's warnings about tanker vulnerabilities.
🇺🇸 US Indices — Session Close
| Index | Price | Change | Change % |
|---|---|---|---|
| S&P 500 | 7,818.93 | ▲ +44.98 | ▲ +0.58% |
| Nasdaq 100 | 31,224.47 | ▲ +148.03 | ▲ +0.48% |
| Dow Jones | 51,521.28 | ▲ +253.38 | ▲ +0.49% |
| Russell 2000 | 2,830.30 | ▼ -16.84 | ▼ -0.59% |
💱 FX Majors
| Pair | Rate | Change % |
|---|---|---|
| EUR/USD | 1.1263 | ▲ +0.07% |
| GBP/USD | 1.3278 | ▲ +0.26% |
| USD/JPY | 158.15 | ▲ +0.27% |
| AUD/USD | 0.6986 | ▲ +0.49% |
| USD/CHF | 0.8317 | ▲ +0.43% |
🛢️ Commodities & Crypto
| Asset | Price (USD) | Change % |
|---|---|---|
| Gold (XAU/USD) | 4,197.40 | ▲ +0.98% |
| Silver (XAG/USD) | 61.78 | ▲ +1.50% |
| Crude Oil (WTI) | 89.94 | ▲ +0.57% |
| Brent Oil | 101.09 | ▲ +0.77% |
| Natural Gas | 3.12 | ▲ +1.83% |
| Bitcoin | 85,632.41 | ▼ -0.18% |
| Ethereum | 2,693.21 | ▼ -0.66% |
📅 Economic Calendar
All times in UTC — Actual highlighted where available
| Time | Currency | Event | Imp. | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| 03:35 | JPY | 10-Year JGB Auction | 🟡🟡 | 3.101% | 2.995% | |
| 06:00 | EUR | German Factory Orders (MoM) (Aug) | 🟡🟡 | -10.6% | -0.9% | 3.2% |
| 08:30 | GBP | S&P Global Construction PMI (Sep) | 🟡🟡 | 46.1 | 45.0 | 44.3 |
| 12:14 | USD | ADP Employment Change Weekly | 🟡🟡 | 22.50K | 20.00K | |
| 12:15 | USD | ADP Employment Change Weekly | 🟡🟡 | 23.80K | 22.50K | |
| 12:30 | USD | Exports (Aug) | 🟡🟡 | 315.20B | 310.70B | |
| 12:30 | USD | Imports (Aug) | 🟡🟡 | 420.80B | 399.30B | |
| 12:30 | USD | Trade Balance (Aug) | 🟡🟡 | -105.60B | -100.80B | -92.80B |
| 12:30 | CAD | Trade Balance (Aug) | 🟡🟡 | 4.20B | 1.50B | 0.79B |
| 14:00 | CAD | Ivey PMI (Sep) | 🟡🟡 | 58.2 | 65.2 | 64.3 |
| 15:00 | USD | Atlanta Fed GDPNow (Q3) | 🟡🟡 | 3.7% | 3.7% | 3.7% |
| 17:00 | USD | 3-Year Note Auction | 🟡🟡 | 4.932% | 4.474% | |
| 08:30 | GBP | BoE MPC Member Mann Speaks | 🟡🟡 | — | ||
| 11:40 | EUR | German Buba Vice President Buch Speaks | 🟡🟡 | — | ||
| 13:00 | EUR | ECB's Elderson Speaks | 🟡🟡 | — | ||
| 13:05 | USD | FOMC Member Williams Speaks | 🟡🟡 | — | ||
| 14:45 | USD | FOMC Member Bowman Speaks | 🟡🟡 | — | ||
| 16:00 | USD | EIA Short-Term Energy Outlook | 🟡🟡 | — | ||
| 20:30 | USD | API Weekly Crude Oil Stock | 🟡🟡 | — | 1.019M |
Report published: October 06, 2026 — 22:20 CET
Disclaimer
The content on MarketsFN.com is provided for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or trading guidance. All investments involve risks, and past performance does not guarantee future results. You are solely responsible for your investment decisions and should consult a qualified financial adviser before acting. MarketsFN.com and its authors are not liable for any losses arising from your use of this information.
