GLOBAL MARKETS-Stocks, U.S. yields gain ahead of Fed chair Powell's Jackson Hole speech

The Dow Jones Industrial Average rose 30.55 points, or 0.09%, to 35,366.26, the S&P 500 gained 6.7 points, or 0.15%, to 4,486.23 and the Nasdaq Composite added 77.15 points, or 0.52%, to 15,019.80.The MSCI world equity index, which tracks shares in 50 countries, rose another 0.57% after its 1.1% gain on Monday, setting it on a recovery course after last week's selloff.In Europe, the pan-European STOXX 600 was broadly flat, while MSCI's broadest index of Asia-Pacific shares outside Japan rallied 2.41%, with Chinese stocks rebounding after being hit by regulatory worries last week.

NEW YORK/LONDON: Global equity markets and U.S. Treasury yields rose on Tuesday as positive U.S. vaccination news lifted sentiment, and as investors grew less worried the Federal Reserve was set to announce a timetable for tapering stimulus measures.

Fed Chair Jerome Powell is to speak on Friday at the Fed's annual economic symposium at Jackson Hole, Wyoming. Last week, investors were worried the Fed was edging closer to tapering, or winding down its bond-buying program, but now they are much less confident Powell's speech will indicate such a timeline.

Benchmark 10-year yields rose two and a half basis points to 1.2969%. The yields are in a range after falling from a one-month high of 1.379% on Aug. 12, while holding above a six-month low of 1.127% reached earlier this month.