GLOBAL - World equities rose while the U.S. dollar fell on Wednesday following soft labor market data that buoyed investor expectations of Federal Reserve interest rate cuts later this year.
MSCI's gauge of stocks across the globe EURONEXT:IACWI rose 0.60% to 811.63
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NEW YORK - The S&P 500 index and technology-laden Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September.
The Dow Jones Industrial Average DJI fell 23.85 points, or 0.06%, to close at 39,308.00, the S&P 500 SPX gained 28.01 points, or 0.51%, to 5,537.02 and the Nasdaq Composite IXIC gained 159.54 points, or 0.88%, to 18,188.30.
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