Stocks slip back below 50-day MA, Dow off triple digits, as dollar surges

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Stocks slip back below 50-day MA, Dow off triple digits, as dollar surges

Mar 13 2015, 16:30 ET | By: Carl Surran, SA News Editor 

• http://static3.cdn-seekingalpha. ... llet.png?1409587369) 2px 8px no-repeat !important;">Stocks gave up a chunk of yesterday’s big gains, as the dollar continued to strengthen and prompting concerns about corporate earnings.
• http://static3.cdn-seekingalpha. ... llet.png?1409587369) 2px 8px no-repeat !important;">The S&P 500 fell 0.6% to return below its 50-day MA (2,059), losing nearly 1% for the week and again turning negative for the year; the Dow lost 0.6% and the Nasdaq slipped 1.1% for the week.
• http://static3.cdn-seekingalpha. ... llet.png?1409587369) 2px 8px no-repeat !important;">The Dollar Index gained another 0.8% to extend its March advance to 5.1%, feeding worries about the impact to earnings of multinational companies while also pressuring crude oil; Nymex crude sank 4.7% to $44.89/bbl and lost 9% for the week.
• http://static3.cdn-seekingalpha. ... llet.png?1409587369) 2px 8px no-repeat !important;">The energy sector fell 2.8% for the week, but actually finished ahead of the broader market today (-0.5%) thanks to a late rally amid speculation that Exxon may be interested in buying Whiting Petroleum.
• http://static3.cdn-seekingalpha. ... llet.png?1409587369) 2px 8px no-repeat !important;">Investor participation was slightly below normal, with fewer than 790M shares changing hands at the NYSE floor.
• http://static3.cdn-seekingalpha. ... llet.png?1409587369) 2px 8px no-repeat !important;">Treasury prices ended flat, with the 10-year yield settling at 2.12%.