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US shares gain on tech, energy stocks; trade woes hurt emerging markets

Weakness is set to remain a recurring theme amid global trade tensions, a broadly stronger dollar and prospects of higher US interest rates

Reuters  |  New York 

A broad index of world stock markets posted gains for a second straight day on Tuesday, as investors piled into US technology and energy stocks even as a trade war loomed. MSCI's index of global equities <.MIWD00000PUS> gained 0.17 per cent as investors awaited action from US President Donald Trump after a deadline for public comment on additional tariffs on Chinese goods expired. Wall Street continued its rally, with the benchmark S&P 500 stock index still on pace to deliver what once seemed improbable: a seventh year of double-digit percentage gains over the last ...

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First Published: Wed, September 12 2018. 01:52 IST