* House Democrats introduce article on second Trump impeachment
* Dollar rises again, bitcoin tumbles as much as 21%
* Graphic: 2020 asset performance http://tmsnrt.rs/2yaDPgn
* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh (Updates to U.S. stock market close)
By Rodrigo Campos
NEW YORK, Jan 11 (Reuters) - Stocks fell on Monday, slipping from record highs, partly on caution over rising coronavirus cases globally while elevated Treasury yields continued to support the dollar, which touched its highest since December against a basket of peers.
Worldwide coronavirus cases surpassed 90 million on Monday, according to a Reuters tally. on Wall Street slipped ahead of the start of an earnings season that arrives with equities at record highs, and as House Democrats introduced an article of impeachment against President Donald Trump. Rising coronavirus cases across Europe and China dragged down commodity stocks.
The Dow Jones Industrial Average .DJI fell 89.28 points, or 0.29%, to 31,008.69, the S&P 500 .SPX lost 25.07 points, or 0.66%, to 3,799.61 and the Nasdaq Composite .IXIC dropped 165.54 points, or 1.25%, to 13,036.43.
The pan-European STOXX 600 index .STOXX lost 0.67%.
With Asian stock markets also lower, MSCI's gauge of stocks across the globe .MIWD00000PUS shed 0.77% after closing at a record high on Friday.
Longer-term Treasury yields were at their highest since March before new long-dated supply coming this week and on speculation of more U.S. fiscal stimulus as Democrats will have control of Congress and the White House. of a multitrillion-dollar stimulus plan and the belief the Federal Reserve will not act to counter rising interest rates, along with new Treasury supply are helping yields rise, said Gennadiy Goldberg, an interest rate strategist at TD Securities in New York.
Benchmark 10-year notes US10YT=RR last fell 11/32 in price to yield 1.1443%, from 1.107% late on Friday.
The spread between the 2-year and 10-year Treasury yield US2US10=TWEB brushed against 100 basis points to hit its steepest since July 2017.
The climb in yields in turn offered some support to the dollar, which rose to its highest in over two weeks against a basket of currencies.
"While the USD may catch a bid on position-adjustment or profit-taking after its recent weakness, a sustained recovery will have to be accompanied by either a clear improvement in recent yield trends or a positive U.S. growth shock," said Shaun Osborne, chief currency strategist at Scotiabank.
The dollar index =USD rose 0.256%, with the euro EUR= down 0.54% to $1.2152.
Morgan Stanley (NYSE:MS) said it had moved to neutral from bullish on emerging market currencies as its forecasts had been hit and factors that kept the U.S. dollar on the back foot may not be sustained.
The Japanese yen weakened 0.24% versus the greenback at 104.20 per dollar, while Sterling GBP= was last trading at $1.3516, down 0.35% on the day.
Crude oil prices fell, hit by renewed concerns about global fuel demand amid tough coronavirus lockdowns across the globe, as well as the stronger dollar. O/R
"The renewed concerns about demand due to very high numbers of new (COVID-19) cases and further mobility restrictions, plus the stronger U.S. dollar, are generating selling pressure," Commerzbank (DE:CBKG) analyst Eugen Weinberg said.
U.S. crude CLc1 recently fell 0.1% to $52.19 per barrel and Brent LCOc1 was at $55.61, down 0.68% on the day.
Spot gold XAU= dropped 0.2% to $1,844.27 an ounce. Silver XAG= fell 1.70% to $24.94.
Bitcoin BTC=BTSP last fell 9.98% to $34,362.43. At its session low, the cryptocurrency fell 21% on Monday.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ GRAPHIC-Global assets
http://tmsnrt.rs/2jvdmXl GRAPHIC-Global currencies vs. dollar
http://tmsnrt.rs/2egbfVh GRAPHIC-Emerging markets
http://tmsnrt.rs/2ihRugV GRAPHIC-MSCI All Country Wolrd Index Market Cap
http://tmsnrt.rs/2EmTD6j
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