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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 ...

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