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Global stocks set new highs, dollar weakens on data

Reuters  |  NEW YORK 

By Herbert LashNEW YORK (Reuters) - A gauge of global equities rose and shares on Wall Street set new highs on Friday as investors shrugged off the latest missile test by North Korea, while the dollar eased on unexpected weak economic data that dimmed the likelihood for a U.S. rate hike.New closing highs were set by the Dow and the S&P 500, which closed above the 2,500-mark for the first time. The Nasdaq set an intraday record on a jump in technology shares.Brent oil prices, the global benchmark, held near five-month highs and posted their biggest weekly gain since late July. Forecasts for ...

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First Published: Sat, September 16 2017. 02:07 IST