The dollar surged on Friday as weak inflation data failed to stem expectations the Federal Reserve will move to tighten monetary policy, and the greenback’s rise pressured stocks and commodities.
The Dow Jones industrial average .DJI fell 145.91 points, or 0.82 percent, to 17,749.31, the S&P 500 .SPX lost 12.55 points, or 0.61 percent, to 2,053.4, and the Nasdaq Composite .IXIC dropped 21.53 points, or 0.44 percent, to 4,871.76.
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