GLOBAL MARKETS-Treasury yields rise, US stocks hit new highs

The Dow Jones Industrial Average rose 448.23 points, or 1.3%, to 34, 870.16, while the broad S&P 500 gained 48.73 points, or 1.13%, to 4, 369.55.The tech-focused Nasdaq Composite added 142.13 points, or 0.98%, to 14, 701.92.

NEW YORK: Treasury yields extended their rise on Friday while the three major U.S. stock indexes rallied to record closing highs, as markets relaxed a bit from fears of a slowing pace of economic recovery from COVID-19 that dominated trading for much of the week.

In currencies, the safe-haven yen weakened 0.32% versus the greenback at 110.14 per dollar, while the dollar index fell 0.205%, and the euro edged up 0.24% to $1.1871.