TMS: US stock futures slip with commodity prices after yen intervention
NEW YORK: US stock index futures fell on Monday, following four weeks of market gains, as a spike in the US dollar weighed on commodity prices and dried up bids on other risky assets.
US stocks closed out a fourth week of gains on Friday, with the S&P 500 on track for its best monthly performance in more than two decades.
The greenback shot up to a three-month high against the yen early Monday after hitting a record low as the government of Japan intervened in the market to curb its currency's appreciation, which is hurting the export-based economy.
