The Data:

8:30a U.S. trade gap widens sharply in March
8:30a U.S. March trade gap widens 14.1% to $51.8 bln
8:30a March trade gap above consensus of $50 bln
8:30a U.S. March trade gap with China $21.7 billion
8:30a U.S. import prices drop 0.5% in April
8:30a U.S. weekly jobless claims fall 1,000 to 367,000
8:30a U.S. jobless claims dip 1,000 to 367,000
8:30a Four-week claims average falls 5,250 to 379,000
8:30a Continuing claims decline 61,000 to 3.23 million
8:30a U.S. import prices sink 0.5% in April
8:30a U.S. import prices minus fuel up 0.1% in April
8:30a U.S. import prices 0.5% higher vs. year ago