Global stocks gain on stay-at-home profits, bond yields slide

MSCI's gauge of stocks across the globegained 0.14% and its emerging market stock index lost 0.37%. On Wall Street, stocks gained. The Dow Jones Industrial Average rose 33.33 points, or 0.14%, to 23,537.68. The S&P 500 gained 16.19 points, or 0.58%, to 2,799.55 and the Nasdaq Composite added 139.19 points, or 1.66%, to 8,532.36. European shares rebounded, with the pan-European STOXX 600 index up 0.58%.

NEW YORK/LONDON: World stock markets edged higher on Thursday on surging shares of Netflix and Amazon.com as investors anticipated big earnings from the coronavirus-induced slowdowns keeping people at home, while bond yields fell as data reflected record U.S. joblessness.

Equities markets seesawed for most of the session as dire U.S. jobless claims data underscored a deep recession and tamped down investor hopes the economy would soon be back on its feet.