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"A strong dollar is going to hurt exports and the revenue line of companies, which wasn't strong to begin with," said Rick Fier, director of trading at Conifer Securities in New York. The buoyant data comes after Federal Reserve Chair Janet Yellen said on Friday that the central bank could raise interest rates this year if the economy keeps improving as expected. At 11:01 a.m. ET (1501 GMT) the Dow Jones industrial average was down 183.94 points, or 1.01 percent, at 18,048.08, the S&P 500 was down 20.4 points, or 0.96 percent, at 2,105.66 and the Nasdaq Composite was down 57.53 points, or 1.13 percent, at 5,031.83.
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