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Closing Bell: U.S. Dollar Rises to 13-Year High; Dow Snaps Seven-Day Winning Streak

The Dow Jones Industrial Average snapped a seven-day winning streak to fall into the red as profit takers took advantage of its recent gains.

The Dow Jones Industrial Average snapped a seven-day winning streak to fall into the red as profit takers took advantage of its recent gains. The blue-chip index had closed at records for the previous four sessions. The S&P 500 ended lower and the Nasdaq higher. The U.S. dollar continued to benefit from the prospects of a Trump administration. The U.S. Dollar Index rose for its eighth straight day. The measure touched its best level since April 2003 earlier in the day. Fossil (FOSL) - Get Fossil Group, Inc. Report was upgraded to overweight with a $42 price target at Pacific Crest. Analysts noted that there's strong momentum in wearables. BP (BP) - Get BP Plc Report announced plans to cut as many as 80 jobs at an Indiana refinery. The cuts total around 3% to 4% of the facility's workforce. TheStreet's Keris Lahiff reports from Wall Street.

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