The dollar’s 12-week winning streak leading into October hurt third-quarter earnings and disrupted forecasts for some U.S. companies with big overseas operations.
U.S. stocks fell, sending the Dow Jones Industrial Average toward its biggest loss since June, amid disappointing results at companies from 3M Co. to DuPont Co. and as commodities erased their gain for the year.
U.S. stocks fell, as the Standard & Poor’s 500 Index headed toward its first weekly decline in almost two months, amid concern European leaders aren’t making progress in solving the region’s debt crisis.
Chairman Ben S. Bernanke told lawmakers last week the “central question” confronting the Federal Reserve at its next meeting is whether growth is fast enough to make “material progress” reducing unemployment.