Stock prices are rising today because Tuesday's panic over rising Chinese interest rates has faded, letting the dollar slip.
Fears abound that the Bank of Japan will move to restrain the yen's climb.
The medium-term trend for the greenback may be downward, but we could see a short-term technical rally.
After hitting a new high early in the day, prices pull back as investors lock in profits ahead of Friday's employment data.
Six months ago, when the US was out of control, news of Ireland's $68 billion bank bailout and Spain's debt downgrade could have sent us into a tailspin.
Unease about the economy fuels gold buying, but oil drops. Adobe weigh on techs. Microsoft sells $4.75 billion in debt. Sears will partner with Forever 21 chain, hoping for 'pizzazz.'
Bullish results come after stocks struggle to end higher. Jobless claims are better, but a manufacturing report is weaker than expected. FedEx guidance disappoints. Gold moves higher.
Twice the S&P 500 has faded after reaching 1,130. It's close again, and worries are growing. Japan sells yen to combat a falling dollar. Travelers may buy back more shares than thought.
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The Dow jumps 109 points after rising as many as 191. Oil-price jitters and rising rates trim gains. Those factors and the Fed may weigh on markets Tuesday.
The Market Dispatches column has been discontinued. Here's where to find the latest stock and business news on MSN Money, and the latest from market writer Charley Blaine.
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