MSCI's gauge of stocks across the globe gained 0.84%% following broad gains in Asia and Europe, lifting it to new records. The Nikkei hit its highest level since September, 1990. On Wall Street, the Dow Jones Industrial Average rose 56.84 points, or 0.18%, to 31,097.97, the S&P 500 gained 20.89 points, or 0.55%, to 3,824.68 and the Nasdaq Composite added 134.50 points, or 1.03%, to 13,201.98.
NEW YORK: A global equities rally pushed Japan's Nikkei to a more than three-decade high and U.S. stock benchmarks to new records on Friday, while safe havens such as Treasuries and gold sold off as investors looked past U.S. political unrest and focused on further stimulus to mend the economic damage of the coronavirus pandemic.
Risky assets, including oil, emerging market stocks and bitcoin, jumped, while a sell-off in 10-year U.S. Treasuries pushed their yields to the highest levels since March.
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