Saturday, 22 May 2021 08:10 AM MYT
Yesterday, Philadelphia Fed Bank President Patrick Harker said Fed officials should start talking about the best way to reduce their asset purchases “sooner rather than later.”Also, rising Covid-19 cases globally remain a concern. Official tolls showing the number of deaths directly or indirectly attributed to the pandemic are likely to be a “significant undercount,” the World Health Organisation said yesterday, saying 6 to 8 million people may have died so far.
The Dow Jones Industrial Average rose 123.69 points, or 0.36 per cent, to 34,207.84, the S&P 500 lost 3.26 points, or 0.08 per cent, to 4,155.86 and the Nasdaq Composite dropped 64.75 points, or 0.48 per cent, to 13,470.99.The pan-European STOXX 600 index rose 0.57 per cent and MSCI’s gauge of stocks across the globe gained 0.03 per cent.