Weak dollar knocks stocks
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Combination of weaker dollar, rising oil prices proves too much for stocks to handle in early going. NEW YORK (CNN/Money) - A weak dollar and rising oil prices weighed on stocks early Friday, with the technology sector bearing the brunt of the load.
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The dollar dropped against most major  currencies on Wednesday after mixed data on U.S. durable goods  orders and weaker-than-expected new home sales did little to  brighten the U.S. economic outlook.
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Dollar and oil price weakness pulled  Asian export and resource shares down on Monday and knocked  Toyko shares lower, but strength in some bank and technology  issues underpinned broader stock markets.
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THE dollar tumbled to new lows against the euro yesterday as markets brushed aside an upgrade to US growth and a fresh warning from the European Central Bankâs President
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NEW YORK -- Stocks fell in early trading Friday as a lower-than-expected consumer confidence reading and a weaker dollar weighed on enthusiasm from a stronger-than-expected employment report.
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NEW YORK - US share prices fell yesterday as the dollar slumped to a record low against the euro. The Dow Jones Industrials Average was down 50.99 points at 10,776.13, the Standard and Poor&#39;s 500 Index fell
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The dollar weakened across the board  on Monday in generally thin trading after the U.S. unit's  failure to break key technical barriers set off a wave of  short-covering in other currencies.
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U.S. stocks fell sharply on Friday as  investors were jolted by a $2 jump in oil prices and a warning  from Federal Reserve Chairman Alan Greenspan that the dollar  had further to fall.
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Renewed concern about the U.S. trade  deficit pushed the dollar to a 7-month low against the yen and  a 7-year low against the South Korean won on Monday, while  strength on Wall Street drove Asian shares higher.
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Tokyo stocks slipped early Wednesday following Wall Street's weakness. The dollar was lower against the Japanese yen, but trading higher against the euro.
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A weak U.S. dollar is expected to affect profitability.
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The dollar fell to a record low yesterday against the euro, which spiked at 1.3640 as the dollar's slide continued in thin, post-Christmas trading.
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The dollar weakened across the board  on Friday, weighed down by profit-taking after a week of gains  and a softer-than-expected U.S. consumer confidence report.
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The dollar edged lower on Friday as  weakness in overall U.S. durable goods orders cast further  doubt on the economic outlook, although the headline number  masked underlying strength in demand, traders said.
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Asian shares retreated on Wednesday,  tracking losses in U.S. stocks, and pressured by a weak dollar  which sat close to a record low struck against the euro late on  Tuesday.
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The dollar, whose weakness has been fueled by concern over the US trade and budget deficits, hit a new low against the euro, which rose to $1.3335 yesterday. In late New York trading, the euro eased back to $1.3280, below its intraday high but still above Monday's late rate of $1.3273.
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Rising oil prices and continued weakness in the US dollar pushed stocks lower Monday as investors grew increasingly uneasy about the economy.