The Dow Jones Industrial Average rose 0.89%, the S&P 500 gained 0.72% and the Nasdaq Composite advanced 1.47% to set a record closing high. MSCI's benchmark for global equity markets rose 0.79% to 556.26. Europe's broad FTSEurofirst 300 index closed up 2.1% at 1,413.87, lifted by a reading of IHS Markit's final Manufacturing Purchasing Managers' Index (PMI) for the euro zone.
NEW YORK: The dollar rose and equity markets rallied on Monday as investors welcomed upbeat manufacturing data from around the world and as Microsoft's pursuit of TikTok's U.S. operations and other deals bolstered sentiment.
Gold prices retreated from a record high after some profit-taking and the dollar's strengthening, though concerns about the coronavirus' toll on the economy limited bullion's losses.
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