US markets end in green, treasury yields slip on US inflation data

Treasury yields were lower on Friday after muted underlying US inflation data offset higher gasoline prices and strong retail sales while the US dollar regained ground but was set for its worst week in five.

Stocks on major world markets, however, hit their fourth record high in a row, with Wall Street moving higher as some investors bet the inflation data could curb future rate hikes while others eyed trade discussions and retail data.

The Dow Jones Industrial Average rose 44.28 points, or 0.19 percent, to 22,885.29, the S&P 500 gained 4.63 points, or 0.18 percent, to 2,555.56 and the Nasdaq Composite added 19.10 points, or 0.29 percent, to 6,610.61.

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Posted in: Indian Market Tips