U.S. Stocks Fall as Dollar Gains; FANG Boosts Tech: Markets Wrap – Bloomberg

U.S. Stocks Fall as Dollar Gains; FANG Boosts Tech: Markets Wrap – Bloomberg

Most U.S. equities fell, with financial and commodity shares pacing losses as an overnight rally in Asian equities failed to hold ahead of a spate of key earnings reports this week. The dollar rose to the highest level in two months.

More than three stocks fell for every two that rose in the S&P 500 Index, with banks tumbling the most. Energy producers slumped more than 1 percent as crude traded at a five-week low. The FANG cohort lifted tech-heavy Nasdaq indexes ahead of a spate of megacap earnings later this week. Earlier, the Shanghai Composite Index surged the most since March 2016 in the wake of verbal interventions from authorities.

via U.S. Stocks Fall as Dollar Gains; FANG Boosts Tech: Markets Wrap – Bloomberg