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The trade report also suggests second-quarter growth may look stronger than previously forecast.
But the trade report revealed some soft spots in the American economy.
Early gains were also spurred by a government trade report that suggested economic growth was accelerating.
JPMorgan Chase said the trade report meant growth during the fourth quarter could exceed its 3 percent forecast.
The drop in imports in the trade report reflected a decline in overseas shipments of crude oil and cheaper prices.
But the trade report also suggested that domestic businesses had benefited from a surge in foreign customers.
Similar(23)
The fine is the largest to date by the NASD for bond trade reporting violations.
"Like a lot of professional gamblers and bookmakers, I get trade reports," he said.
Instead, it had sought all trade reports submitted by all the companies.
Europeans are tougher on data transparency, margin posting and trade reporting.
Some gas sales contracts based prices on those indexes, so those who submitted false trade reports could profit from them.
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