You are here: Home » Reuters » News
Business Standard

Dollar climbs; stocks edge up after last week's rally

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - The dollar hit its highest levels in more than a week against a basket of currencies and the euro eased on Monday, while U.S. stocks held firm after kicking off the new year with strong gains last week.The S&P 500 edged up, reversing losses from early in the session, while a global index of equities also was slightly higher."It's just a reversal after a week of one-directional moves," said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis.Stocks tied to economic growth outperformed more defensive ones last week."The news ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, January 09 2018. 02:10 IST