GLOBAL MARKETS-Stocks touch new highs as volatility eases, dollar gains

The Dow Jones Industrial Average fell 30.42 points, or 0.09%, to 34,599.82; the S&P 500 gained 0.74 points, or 0.02%, at 4,227.26; and the Nasdaq Composite added 43.19 points, or 0.31%, at 13,924.91.

NEW YORK/LONDON: A global equity benchmark and two key European stock indexes touched new highs on Tuesday, while the dollar rose in anticipation of faster inflation as volatility eased to lows last seen before the coronavirus pandemic.

Yields on U.S. Treasury debt fell to their lowest in more than a month, while euro zone bond yields nudged down with markets in a wait-and-see mood ahead of a European Central Bank policy meeting and U.S. inflation data, both due on Thursday.