NEW YORK (AP) — Stocks are falling as the dollar gains strength
amid renewed concerns that European countries will have trouble
handling their debt.
With no major economic reports scheduled for Monday, traders are
pulling back from a rally that sent stocks to yearly highs last
week. The dollar is up 0.7 percent, which is helping to send the
shares of companies like Caterpillar that rely on exports
lower.
Technology companies are the only group showing modest gains.
Hewlett-Packard Co. and Cisco Systems are both up more than 0.9
percent.
The Dow Jones industrial average is down 58, or 0.6 percent, to
11,387 in midday trading.
The S&P 500 is down 6, or 0.5 percent, to 1,220, and the Nasdaq
composite is down 2, or 0.1 percent, to 2,576.
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