Stronger dollar sends Monday stocks down

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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