The Dow Jones Industrial Average rose 0.68% and the S&P 500 gained 0.64%, off just over 1% from a new all-time peak. The Nasdaq Composite added 1%, marking the fourth straight day of record peaks and closing highs as the tech-heavy index ended the session above 11,000 for the first time. MSCI's benchmark for global equity markets rose 0.23% to 565.38.
NEW YORK: Gobal equity markets edged higher and bond yields eased off earlier lows on Thursday as investors awaited word on a new U.S. aid package to counter economic fallout from the coronavirus crisis.
Safe-haven gold extended its record-breaking run, driven by expectations of more stimulus, while the dollar initially gained after data showed fewer Americans sought jobless benefits last week. Gold has been rising on concerns stimulus will fuel inflation and erode the value of the dollar.
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