The Dow Jones Industrial Average rose 61.97 points, or 0.2%, to 31,437.8, the S&P 500 lost 1.35 points, or 0.03%, to 3,909.88 and the Nasdaq Composite dropped 35.16 points, or 0.25%, to 13,972.53. The pan-European STOXX 600 index lost 0.23% and MSCI's gauge of stocks across the globe gained 0.20%. The MSCI index also registerd a record high.
NEW YORK: MSCI's gauge of stocks across the globe rose on Wednesday for an eighth straight session even as the S&P 500 eased, and U.S. Treasury yields tumbled on data showing inflation remained tame in January.
U.S. Federal Reserve Chair Jerome Powell, in remarks to the Economic Club of New York, called for a more comprehensive approach to end the jobs crisis while reassuring investors interest rates will remain low to spur the economy and jobs growth.
Limited time offer:
Just RM5 per month.
