Stocks dip, bitcoin approaches $90,000 as 'Trump trade' takes hold

NEW YORK, Nov 12 - Global stocks dipped on Tuesday after five straight sessions of gains while the dollar touched its highest level in over four months as investors gauge the impact of U.S. President-elect Donald Trump's likely policies on growth and inflation.

Bitcoin, the world's biggest cryptocurrency, has surged about 30% since the Nov. 5 election as it rockets toward the $90,000 mark. Trump is seen as a proponent of cryptocurrencies. Treasury yields and the dollar higher. Markets will get the latest inflation reading on Wednesday in the consumer price index for October.

Shares of Home Depot , opens new tab were down 0.4%, giving up earlier gains, after the home improvement retailer reported quarterly results. The yield on benchmark U.S. 10-year notes rose 7 basis points to 4.378%, from 4.308% late on Friday, after the bond market was closed on Monday. The dollar index , which measures the greenback against a basket of currencies, rose 0.52% to 105.97, with the euro down 0.42% at $1.0609. The greenback has risen in four of five sessions since the election to reach 106.03, its highest level since July 2.

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