GLOBAL MARKETS-Stocks, yields slip as investors await next catalyst


The Dow Jones Industrial Average rose 0.15% to end at 34,987.02 points, while the S&P 500 lost 0.33% to 4,360.03. The Nasdaq Composite dropped 0.7% to 14,543.13.

NEW YORK/LONDON: A measure of global equity markets slid from near record highs, the dollar edged up and bond yields fell on Thursday as investors mulled the Federal Reserve's benign inflation outlook and upbeat assessment of the U.S. economy.

The number of Americans filing new claims for unemployment benefits fell to a 16-month low last week as the U.S. labor market steadily gains traction while other data showed import prices rose solidly in June but have probably peaked.

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