Enjoy the Ride: Dow Drops 100 Points as Soaring Dollar Sinks Stocks
Stocks are heading lower this morning as the strong dollar threatens to upend the market.
The S&P 500 has fallen 0.4% to 2,133.85 at 10:28 a.m. today, while the Dow Jones Industrial Average has dropped 108.55 points, or 0.6%, to 18,053.80. The Nasdaq Composite has dipped 0.1% to 5,239.32. The U.S. Dollar index has gained 0.4% today.
Evercore ISI’s Dennis DeBusschereexplains why the dollar is rising:
Rhino Trading’s Michael Block explains why the rising dollar is such a problem for U.S. stocks:...MORE