GLOBAL MARKETS-Stocks tread water, safe haven dollar gains on inflation worries

The Dow Jones Industrial Average fell 0.04%, the S&P 500 ended flat, and the Nasdaq Composite dropped 0.04%.The MSCI world equity index, which tracks shares in 45 nations, rose 0.08%.

WASHINGTON: The dollar climbed to a 16-month high on Monday while U.S. stocks dipped slightly as investors searched for a clearer economic picture.

Persistent concerns that inflation may be rising more sharply and sticking around longer than originally expected weighed on Wall Street, with pessimism weighing on stocks and oil and pushing safe havens like the U.S. dollar upwards.