📈 Market update: U.S. stock futures are trending higher this morning, with the S&P 500 up 0.7% and Nasdaq contracts climbing 1.1% as investors balance a widening trade deficit against easing long-term inflation expectations.
A closer look at the data shows the $105.8B trade deficit was driven by a massive 41.9% surge in AI capital goods imports, even as consumer goods fell. On the corporate side, Hamilton Capital Partners disclosed an Amazon position of 36,934 shares (valued at $6.66M, or 0.79% of its portfolio), while biotech leader Amgen navigates new regulatory pricing frameworks and Constellation Brands prepares to report its latest results post-close.
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