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New York Stocks Reverse Gains as Dollar Rises and Yields Fall

U.S. equities fell sharply after an early rally, while the dollar strengthened and bond yields declined on February 20.

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Terms & Concepts
  • Bond Yield: The return an investor realizes on a bond, expressed as a percentage of its face value.
  • Dollar Index: A measure of the value of the U.S. dollar against a basket of foreign currencies.