By Sinead Carew NEW YORK, Jan 17 (Reuters) - U.S. stocks and the dollar fell while gold rose on Tuesday as investors looked for safety after President-elect ... - From Mail Online
currency was too strong, while sterling jumped as Prime Minister Theresa May said Britain would quit the European Union single market when the country leaves the EU.
"You're getting some give-back to the areas that have really done well with the Trump election," said Rick Meckler, president of investment firm LibertyView Capital Management in Jersey City, New Jersey.
It was last up 2.96 percent, on track for the biggest daily increase sterling has seen since Reuters records began in 1998, after May said Britain would leave the EU's single market but would seek maximum access to it through a new trade agreement.
At 2:48 PM (1948 GMT), the Dow Jones Industrial Average was down 84.83 points, or 0.43 percent, to 19,800.9, the S&P 500 had lost 8.69 points, or 0.382038 percent, to 2,265.95 and the Nasdaq Composite had dropped 38.13 points, or 0.68 percent, to 5,535.99.
fiscal policy and the need to stay in Treasuries to diversify." "The precious metal is clearly the beneficiary of this risk-off appetite and traders are building their hedge," said Naeem Aslam, chief market analyst at Think Markets UK Ltd.