GLOBAL MARKETS-World shares dip after hitting record highs


On Wall Street, indexes fell, with the Nasdaq being the biggest decliner. The Dow Jones Industrial Average fell 123.04 points, or 0.36%, to 34,077.63, the S&P 500 lost 22.21 points, or 0.53%, to 4,163.26 and the Nasdaq Composite dropped 137.58 points, or 0.98%, to 13,914.77.

NEW YORK: An index of stocks across the world on Monday posted its largest daily drop in almost four weeks after touching a record high as investors looked for earnings to justify the high valuations in equities.

The U.S. dollar index touched a more than 6-week low and Treasury yields edged up after posting on Friday their largest weekly drop since June and oil prices slipped on concerns over rising coronavirus cases globally.

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