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US stocks set to open lower as dollar rises

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[December 30, 2009]  NEW YORK (AP) -- U.S. stock futures are falling as a stronger dollar pulls commodities prices lower.

HardwareMarkets overseas are also lower. Bond prices are little changed.

A stronger dollar makes commodities more expensive for foreign buyers and can hurt the profits of companies that do business overseas.

The decline in stock futures comes after major indexes edged lower in light trading Tuesday, ending a six-day winning streak.

Dow Jones industrial average futures are down 55 at 10,432. Standard & Poor's 500 index futures are down 6 at 1,114, while Nasdaq 100 index futures are down 8 at 1,864.

[Associated Press; By SARA LEPRO]

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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