On Wall Street, the Dow Jones Industrial Average rose 185.28 points, or 0.63%, to 29,823.92, the S&P 500 gained 40.82 points, or 1.13%, to 3,662.45 and the Nasdaq Composite added 156.37 points, or 1.28%, to 12,355.11. MSCI's gauge of stocks across the globe gained 1.16% following broad gains in Europe and Asia, with Japan's Nikkei closing near a 29-1/2-year high. China's blue-chip CSI300 index rose 2.2% after a business survey showed factory activity accelerated at the fastest pace in a decade in November.
NEW YORK: Stock markets rose and safe havens such as U.S. Treasury bonds dipped Tuesday as strong factory data and signs that coronavirus vaccinations could be administered by the end of the year helped prolong a worldwide rally in risk assets even as the pandemic accelerated.
Bets on more easing from the U.S. Federal Reserve to help the economy through the winter pushed the dollar index down 0.817% to 2-1/2-year lows as riskier currencies rose.
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