- US stocks were set to open lower after a stellar rally took them to all-time highs last week, knocked back as investors fretted about rising COVID cases and Donald Trump’s possible impeachment.
- The dollar rose, driven by a degree of risk aversion and by rising bond yields and expected higher growth, which make the greenback more attractive to non-US investors.
- Asian and European stocks also slipped, as rising coronavirus cases caused traders to step back and reassess the recent rally.
- Visit Business Insider’s homepage for more stories.
US stocks were set to open lower on Monday, while the dollar continued its mini-rally, as markets questioned record-high equity prices given a possible impeachment of President…