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Markets Inch Higher As Dollar Gives Up Gains

The markets sold sharply in the first hour of trading as the Dollar spiked higher. Then, the Dollar started to give up all the gains and the markets recovered.  Right now, the SPDR S&P 500 ETF (NYSE:SPY) is trading at $121.61, no change on the day.  The Nasaq 100 stocks have all caught a bid again along with commodity stocks like Chevron Corporation (NYSE:CVX).

Gareth Soloway
Chief Market Strategist