NEW YORK: Global equity prices rallied and the Dow Jones Industrial Average blew past the psychological 20,000 level on Wednesday, lifted by strong Japanese trade data, robust earnings and hopes that U.S. President Donald Trump will press ahead with a large fiscal spending package.
The rally in stocks boosted U.S. Treasury debt yields, but lingering concerns about growing protectionism and the potential negative effects on global trade and growth pushed the U.S. dollar lower.
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