Arab Today, arab today us stocks dip as dollar strengthens again
Last Updated : GMT 18:04:51
Arab Today, arab today
Arab Today, arab today

US stocks dip as dollar strengthens again

Arab Today, arab today

Arab Today, arab today US stocks dip as dollar strengthens again

US stocks finished lower Wednesday
New York - AFP

US stocks finished lower Wednesday in choppy trade as the dollar hit a new 12-year high against the euro.
At the closing bell, the Dow Jones Industrial Average stood at 17,638.34, down 24.60 points (0.14 percent).
The broad-based S&P 500 shed 3.70 (0.18 percent) at 2,040.46, while the tech-rich Nasdaq Composite Index lost 9.85 (0.20 percent) at 4,849.94.
Equity markets continued to watch the dollar, which rose to a fresh 12-year high against the euro two days after the European Central Bank launched a massive government bond-buying stimulus program.
Some analysts have expressed worry at the speed of the dollar's ascent and the possible drag on US exports.
"You have central banks at a crossroads," said Brent Schutte, market strategist at BMO Global Asset Management.

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