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Stocks Fall as Dollar Strengthens

 Phil Amato     Created: 10/27/2009 7:20:39 AM    Updated: 10/27/2009 7:21:34 AM
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NEW YORK (AP) -- A strengthening dollar and investor caution combined to take stocks lower Monday.

The market was in rally mode as the session began, but turned lower as interest rates surged and a rebound in the value of the dollar stalled a rally in commodities.

The sharp swings in currency and commodity markets sent the Dow Jones industrial average whipsawing in a 200-point range, surrendering an early advance for a loss of 104 points at 9,868. Stocks have dropped in four of the last five days.

The S&P lost nearly 13 to 1,067. And the Nasdaq shed 13 to 2,142.

 

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