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S&P 500 extends new year's gains; dollar up as euro falters

Reuters  |  NEW YORK 

By Caroline ValetkevitchNEW YORK (Reuters) - The S&P 500 edged up for a fifth straight session on Monday, extending its winning streak for the new year, while the dollar hit its highest level in more than a week against a basket of currencies as the euro's rally faltered.A global index of equities also rose slightly. The S&P 500 is now up 2.8 percent since Dec. 31 after rising 19.4 percent in 2017.Historically, the first five days of January can be an indicator for the market's direction for the full year, according to the Stock Traders Almanac.Attention in the United States now turns to the ...

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First Published: Tue, January 09 2018. 03:11 IST