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Choppy Day on Wall Street - CNNMoney.com -- Stocks were mixed late Monday at the end of a choppy session impacted by a strong dollar, falling oil and gold prices and comments from Fed Chairman Ben Bernanke that cooled worries about higher interest rates.
The Dow Jones industrial average was barely changed. The S&P 500 index lost 3 points, or 0.3%. The Nasdaq composite shed 5 points, or 0.2%.
Stocks seesawed through the session as investors weighed Bernanke's comments and the direction of the dollar and commodity markets in the aftermath of last week's big payrolls report.
Gold Prices Slip as Dollar Strengthens on Speculation that Fed May Raise Interest Rates Sooner than Expected - CNNMoney.com --
Gold prices extended their decline for a second straight session Monday as the dollar continued to rise.
Gold for February delivery slid $5.50 to settle at $1,164.00 a troy ounce, after shedding more than $26 earlier in the session.
Gold prices fell sharply Friday after after a much better-than-expected jobs report from the government showed employers trimming a mere 11,000 jobs in November as the unemployment rate ticked down to 10% from 10.2% in the prior month.
Gold prices were pressured by a stronger dollar, as the greenback hit a five-week high against a basket of currencies Monday and also rose against the euro.
The dollar has been boosted by investors' speculation that the Federal Reserve might raise interest rates sooner than expected as the economy shows signs of recovery
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