GLOBAL MARKETS-Investors regain risk appetite

MSCI's gauge of stocks across the globe .MIWD00000PUS closed down 0.46% after earlier falling more than 3% to touch its lowest level since March 2021.The Dow Jones Industrial Average .DJI closed up 92.07 points, or 0.28%, at 33,223.83 while the S&P 500 .SPX gained 63.2 points, or 1.50%, to 4,288.7 and the Nasdaq Composite .IXIC added 436.10 points, or 3.34%, to close at 13,473.59.

NEW YORK: Investors rediscovered much of their appetite for riskier bets by Thursday afternoon with the MSCI global index finishing well above its session low and the U.S. dollar paring gains while oil futures pulled back from multi-year records after Russia's invasion of Ukraine and responses from other countries.

After falling sharply earlier in the day, U.S. Treasury yields pared most of their declines and Russia's rouble recouped much of its losses against the dollar while safe-haven gold was in the red after earlier rising as much as 3.5%.