AFP: Stocks turn lower as rising dollar hits oil prices
By STEPHEN BERNARD and TIM PARADIS (AP) NEW YORK — Stocks have turned lower as a rising dollar stalled a rally in commodities.
A drop in the dollar initially gave a boost to stocks Monday, but a strengthening in the currency short-circuited the market's advance.
Oil is down $1.16 to $79.34 per barrel on the New York Mercantile Exchange. A gain in the dollar makes commodities more expensive for overseas buyers.
Technology shares are slightly higher after Marvell Technology Group Ltd. raised its fiscal third-quarter revenue forecast.
At midday, the Dow Jones industrial average is down 37 at 9,935. The Standard & Poor's 500 index is down 5 at 1,075. The Nasdaq composite index is up 1 at 2,156.
