Dollar posts big gains, U.S. stocks buck global rally4 min read . Updated: 04 Jan 2023, 12:55 AM IST
The MSCI All-World index fell 0.5%, dragged by losses in U.S. stocks. The Dow Jones Industrial Average lost 0.64%, the S&P 500 dropped 0.9%, and the Nasdaq Composite lost 1.3%
The dollar jumped on Tuesday as oil prices sank, while U.S. stocks bucked a global equities rally in a macro-packed week that could offer a steer on when and where U.S. interest rates might peak.
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