On Wall Street, The Dow Jones Industrial Average fell 8.22 points, or 0.03%, to 31,060.47, the S&P 500 gained 8.65 points, or 0.23%, to 3,809.84 and the Nasdaq Composite added 56.52 points, or 0.43%, to 13,128.95. The pan-European STOXX 600 index rose 0.11% and MSCI's gauge of stocks across the globe gained 0.28%. Emerging market stocks rose 0.78%. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.68% overnight higher, while Nikkei futures rose 0.92%.
NEW YORK: Treasury yields fell on Wednesday after Federal Reserve officials steered clear of tightening monetary conditions anytime soon despite expectations of higher inflation, while stocks and the dollar edged higher.
The U.S. benchmark yield was on track to post its first full-session decline in 2021, even as a jump in gasoline prices pushed inflation higher last month. Consumer prices are expected to run hotter in a couple of months when March and April of 2020, which saw very low inflation, fall off the yearly reading.
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