Nasdaq falls with dollar, oil rises; earnings, Fed in focus

Published by
Reuters UK

By Sinéad Carew NEW YORK (Reuters) – Nasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike. In currencies, the dollar index, which touched a 20-year high this month, was down slightly and gold also slipped. On Sunday, U.S. Treasury Secretary Janet Yellen said that while U.S. economic growth was slowing, a recession was not inevitable. Treasury yields edged higher as investors braced for the Fed to raise rates by …

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