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The tech-heavy Nasdaq's robust gain got a boost from momentum stocks led by Amazon, Apple and Microsoft, while the S&P 500's advance was more modest.
Global stock indexes fell and the dollar index inched up on Tuesday as investors weighed the U.S. interest rate outlook ahead of FedChair Jerome Powell's congressional testimony.
European shares fell on Monday, as investors awaited further stimulus measures from China to revive demand and eyed testimony from Fed Chair Jerome Powell this week for more cues on the rate outlook.
A gauge of global stock markets took a breather on Friday after a run to 14-month highs, while the U.S. dollar headed for its biggest weekly slide since January following a heavy week of central bank meetings around the world.
MSCI's global index of stocks rose on Thursday to its highest level since April 2022 after strong U.S. economic data. The dollar slid following the ECB's interest rate increase a day.
MSCI's global equity index closed slightly higher on Wednesday while the dollar ended lower even the Fed signalled that it could raise rates by another half percentage point by year-end.
Global shares rallied and the dollar eased on Tuesday after U.S. consumer price data showed inflation barely rose in May, increasing expectations the Fed will pause in June.
Global stocks gained ground, hitting their highest level in more than a year on Monday, while U.S. Treasury yields and the dollar were virtually unchanged.
U.S. shares struck new highs for the year on Friday and helped lift world stocks to a 13-month peak, as rising bets that the Fed will skip a rate hike next week.
World stocks rose on Thursday and Treasury yields edged lower as investors leaned toward bets that the U.S. Federal Reserve is likely to abstain from raising interest rates next week.
Global stocks retreated from a 13-month high on Wednesday and the U.S. dollar drifted lower as attention turned towards the next Fed meeting.
Oil eased about 1% as worries that sluggish global economic growth could reduce energy demand outweighed Saudi Arabia's pledge to deepen output cuts.
World stocks and the dollar dipped on Monday as investors mulled whether the Fed will refrain from raising rates in June after data last week showed slowing U.S. wage growth.
Global shares and U.S. Treasury yields rose on Friday following stronger-than-expected job growth data that raised investor expectations that the Federal Reserve could retain its interest rate hikes.
