MSCI's gauge of stocks across the globe gained 0.33%, closing at an all-time high and remaining on course for its best month since November.The S&P 500 also closed at a record high. The Nasdaq Composite hit a record intraday high before paring some gains. The Dow Jones Industrial Average rose 239.98 points, or 0.71%, to 34,060.36, the S&P 500 gained 28.29 points, or 0.68%, to 4,211.47 and the Nasdaq Composite added 31.52 points, or 0.22%, to 14,082.55.
NEW YORK: World share indices extended gains and Treasury yields rose on Thursday, after strong U.S. economic data and the Federal Reserve's commitment to continue supporting the economy fueled confidence in a recovery.
U.S. economic growth accelerated in the first quarter, fueled by massive government aid to households and businesses, charting the course for what is expected will be the strongest annual performance in nearly four decades.
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