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What Happened in the Stock Market Today

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Trump: Dollar Too Strong, Negatively Affecting The Stock Market

Trump: Dollar Too Strong, Negatively Affecting The Stock Market*/

– – 58 = 19,862– 6 = 2267– 35 = 5538– 19 = 1352– .05 = 2.33%+ .13 = 52.50+ 12.80 = 1216.40Major market indices dropped at the open this morning and couldn’t recover.In a Friday interview with The Wall Street Journal, President-elect Trump said the U.S. currency, which touched a more-than 14-year high about two weeks ago, has gotten “too strong,” especially considering the China’s yuan is “dropping like a rock.”Trump told the Wall Street Journal, “Our companies can’t compete with them now because our currency is too strong.And it’s killing us.” The stock market has been taking its cue from the dollar, and the dollar has been saying the US economy is strong and growing, and the prospects of the Fed raising rates only confirms the strength of the economy.
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What Happened in the Stock Market Today

What Happened in the Stock Market Today*/

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