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Global shares edge higher, US yields fall as strong earnings allay...

Global shares edged higher in choppy trading on Thursday, snapping three straight sessions of losses, while U.S. Treasury yields and strong corporate results allayed worries over upcoming U.S. elections and interest rate cuts. Tesla soared nearly 22% after CEO Elon Musk provided on Wednesday a forecast for robust car sales growth next year that reassured investors. The benchmark S&P 500 and the Nasdaq finished higher, with gains in consumer discretionary stocks and losses in materials and utilities equities. The Dow ended lower. European shares gained 0.03%, ending a streak of three consecutive losses following positive results from companies including Renault, Unilever and Hermes. MSCI's gauge of stocks across the globe rose 0.2% to 846.07.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-13999033/Global-shares-edge-higher-US-yields-fall-strong-earnings-allay-election-worries.html
Source Id: 8379449531

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