Stock Market Video: Dollar Drops Then Surges, Markets Whip

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Published 22 Oct 2010
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The markets have been on a light volume wild ride today as the Dollar has dropped sharply, then recovered t...
The markets have been on a light volume wild ride today as the Dollar has dropped sharply, then recovered to go positive.  Because the markets are purely a Dollar inverse mover, this has created volatility. The SPDR S&P 500 ETF (NYSE:SPY) is trading at $118.08, +0.21 (0.18%).  Gold and Oil are both sharply lower on weak economic numbers out of China. The Dollar is also higher on the day.  Some of the leaders today are MasterCard Incorporated (NYSE:MA), trading at $244.24, +3.72 (1.55%) and Chevron Corporation (NYSE:CVX) which hit a new 52 week high today at $85.00.
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