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Midday Market Update

Dollar Rises as Bond Prices Fall

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U.S. Markets
U.S. shares were showing mixed signals Monday morning with the Dow up by about 0.12% and the Nasdaq down by about 0.33%. The S&P 500 was on a roller coaster, currently down by about 0.04%. Gold was down almost a percent, and crude oil was down about 1.52%.

Treasury and global bond prices fell as the U.S. dollar reached an 11-month high on expectations of a faster inflation. The budget deficit is expected to increase if President-elect Donald Trump makes good on his promise of creating economic stimulus through huge spending and tax cuts.

Manjul Bhusal Sharma does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.