All four major U.S. stock benchmarks rallied to records, with the Dow Jones Industrial Average topping 19,000 for the first time. Metals climbed, while oil was little changed.
The Dow Average rose alongside the S&P 500 Index, the Nasdaq Composite Index and the Russell 2000 Index to all-time highs. The MSCI All Country World Index extended this month’s advance and emerging-market shares surged. Copper jumped to its highest since July 2015.Oil closed near $48 a barrel after an OPEC committee failed to agree on Iranian and Iraqi output levels. European bonds rallied on bets policy makers will extend their stimulus program.
MSCI’s global gauge rose 0.3 percent at 4 p.m. in New York.
The S&P 500 Index rose 0.2 percent to 2,202.94, the Dow Average and the Nasdaq added at least 0.3 percent. The Russell 2000 gained for a 13th day in the longest run since 1996.
The Stoxx Europe 600 Index increased 0.2 percent as Anglo American Plc and BHP Billiton Ltd. rose at least 4.9 percent. Enel SpA led gains in utilities after announcing a plan to cut costs and dispose assets of about 3 billion euros ($3.2 billion).
The MSCI Emerging Markets Index extended a two-day rally to 1.7 percent as benchmark gauges from Brazil to China and Russia advanced.
Asian stocks crept to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street, where the three main indices seized record peaks for a second straight session.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS also added 0.3 percent, edging further away from four-month lows hit on Monday.
Reference: Reuters, Bloomberg
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