MSCI's all-country world index, which is heavily weighted to big U.S. tech, notched a new record as Apple Inc, Amazon.com Inc, Google parent Alphabet Inc and Facebook Inc advanced. The tech gains also helped the Nasdaq set a fresh closing high.
NEW YORK: Big tech shares edged higher on Friday, helping a benchmark world stock index post a sixth consecutive closing high, after a weak U.S. jobs report likely pushed back the timetable for when the Federal Reserve reduces its massive support of the economy.
Labor Department data that showed wages increasing more than expected in August raised inflation fears and led longer-dated Treasury yields to jump, while gold advanced to a more than a 2-1/2-month high as the dollar eased.
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