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Global stocks, dollar steady; investors eye earnings, U.S. policy

Reuters  |  NEW YORK 

By Sinead CarewNEW YORK (Reuters) - The U.S. dollar edged higher and stocks gained ground on Wednesday after the top U.S. monetary policy official spoke, but investors voiced caution over how U.S. policy will develop under Donald Trump's presidency two days before his inauguration.Oil futures tumbled, dragging down the energy sector index, which was one of the biggest weights on the S&P 500. U.S. Treasury yields rose after remarks by U.S. Federal Reserve chair Janet Yellen were released and after U.S. inflation data. While Wall Street has been betting on Trump's promises of lower taxes, ...

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First Published: Thu, January 19 2017. 02:24 IST