Stock market dips, peso back at $50:$1

THE stock market halted a run of record highs on Monday as inves the peso also fell given the prospect of fresh US interest rate hikes.

by 0.28 percent or 24.88 points

breather after successive days of breaking the records the previous -

before paring gains to close at previous all-time high.

The decline from the intraday high has been described as a cor- resumed Monday.

Industrials and the holding - -

unchanged.

Back at P50:$1

centavos from Friday - .

as investors diverted their attention to prospects of more US rate hikes this year after optimism on

the passage of local tax reform

- -

sus estimate. US nonfarm payrolls increased

-

US unemployment held steady market consensus.

are supportive of a stronger US