Europe and Asia following U.S. markets higher
Stocks were mixed Friday in Europe and Asia after Wall Street tapped fresh records, led by big gains in chipmakers.
The Dow Jones Industrial Average gained 0.7% to 39,781.37, and the Nasdaq composite rose 0.2% to 16,401.84. Both indexes added to records set a day earlier. Reddit climbed 48.4% in its debut as a publicly traded stock. The eclectic bazaar of online communities offered its stock at an initial price of $34 a share.
Treasury yields were mostly steady a day after the Federal Reserve said it still expects to make three rate cuts this year. That helped calm some worries on Wall Street that it would pull some cuts off the table following some hotter-than-expected inflation reports. A measure of manufacturing activity in the mid-Atlantic region unexpectedly grew, while a preliminary look at manufacturing nationwide was also better than expected.
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