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U.S. Stocks Halt 3-Day Drop as Dollar, Gold Climb: Markets Wrap

  • Crude slides from 18-month high amid doubts on OPEC cuts
  • Warnings, optimistic calls vie for investor attention
Bloomberg business news

Will 2017 Be Another Year of Dollar Dominance?

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U.S. stocks rose with the dollar as economic data bolstered confidence that the American economy is poised to accelerate. Gold rose and Treasuries erased losses as a slide in the price of crude sparked demand for haven assets..

The S&P 500 Index started the year with its biggest gain in four weeks, while the dollar jumped to the highest level in 14 years as U.S. manufacturing expanded. Oil fell more than $2 a barrel from the highest level in 18 months. European equities entered a bull market as the pace of German inflation doubled last month. Mexico’s peso slid after Ford Motor Co. canceled a $1.6 billion investment in the country. U.S. natural gas futures sank the most in 14 months.