GLOBAL MARKETS-S&P 500 edges up, European shares slump amid Evergrande fears, US yields rise

On Wall Street, the Dow Jones Industrial Average rose 33.18 points, or 0.1%, to 34,798, the S&P 500 gained 6.5 points, or 0.15%, to 4,455.48 and the Nasdaq Composite dropped 4.55 points, or 0.03%, to 15,047.70. Nike Inc shares slumped 6.3% after the sportswear maker cut its fiscal 2022 sales expectations. The pan-European STOXX 600 index lost 0.90% as weak German business confidence data also weighed.

NEW YORK/LONDON: Wall Street's S&P 500 posted a slim gain on Friday while major European markets slumped as investors weighed potential fallout from debt-laden China Evergrande and U.S. bond yields pushed higher after hawkish stances from central banks.

MSCI's gauge of stocks across the globe shed 0.15% after three days of gains, leaving it little changed for the week.