Global Markets: U.S. stocks close higher, boosting global shares
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Now for a look at global markets. In America, equity indexes closed higher on Tuesday, buoyed by gains in technology and consumer discretionary stocks. As European equities finished lower and the U.S. dollar fell to its weakest level in over three months.
The Dow Jones Industrial Average rose 0.42 percent, the S&P 500 gained 0.83 percent, and the Nasdaq Composite added 1.5 percent. The advance came amid strong economic growth and corporate earnings, low interest rates and hopes of U.S. corporate tax cuts. Shares in Europe, stocks shed 0.19 percent. Equities closed lower, weighed by a decline in auto stocks following weaker car registrations data. Trading was also cautious ahead of the launch of a major reform of European financial markets.