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.