Wednesday 2 November 2011

Wall Street opens lower after dollar spike (Reuters)

NEW YORK (Reuters) ? Stocks fell at the open on Monday after four weeks of gains, as a spike in the U.S. dollar weighed on commodity prices and dried up bids on other risky assets.

The Dow Jones industrial average (.DJI) fell 99.15 points, or 0.81 percent, at 12,131.96. The Standard & Poor's 500 Index (.SPX)(.INX) lost 12.79 points, or 1.00 percent, at 1,272.30. The Nasdaq Composite Index (.IXIC) dropped 30.10 points, or 1.10 percent, at 2,707.05.

(Reporting by Chuck Mikolajczak; editing by Jeffrey Benkoe)

Source: http://us.rd.yahoo.com/dailynews/rss/stocks/*http%3A//news.yahoo.com/s/nm/20111031/bs_nm/us_markets_stocks

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