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GLOBAL MARKETS-U.S. shares end at record highs for 2nd day, oil steadies

Published 23/11/2016, 08:31 am
© Reuters.  GLOBAL MARKETS-U.S. shares end at record highs for 2nd day, oil steadies
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* Three main Wall Street indexes, Russell 2000 end at records

* Dow tops 19,000, S&P 500 tops 2,200 for first time

* Oil prices end little changed after touching highest of month

* U.S. 2-year Treasury yields hit more than six-year high

* Dollar near six-month high vs yen (Updates to close of U.S. markets)

By Sam Forgione

NEW YORK, Nov 22 (Reuters) - Wall Street's three main stock indexes ended at record highs for a second straight day on Tuesday, while European shares also rose on expectations that markets would benefit from U.S. President-elect Donald Trump's policies.

Moderate gains led the Dow to close above the 19,000 mark and the S&P 500 to end above 2,200 for the first time ever, while the Nasdaq and small-cap Russell 2000 .RUT also hit record closing highs for the second day.

In Europe, the pan-European STOXX 600 index .STOXX and the FTSEurofirst 300 .FTEU3 of top regional shares climbed to their highest levels since Nov. 10.

Declines in U.S. healthcare stocks restrained U.S. indexes' gains, however. U.S. shares have rallied since the Nov. 8 U.S. election as Trump has promised tax cuts, higher spending on infrastructure and simpler regulations in the banking and healthcare industries. sharp rally in metals prices and mining stocks boosted European shares, with the European Basic Resources index .SXPP closing up more than 3.4 percent. begets strength. The more we can continue to rally, the more people who are on the sidelines want to jump in, especially because there's so much cash on the sidelines," said Adam Sarhan, chief executive of 50 Park Investments.

MSCI's all-country world equity index .MIWD00000PUS was last up 1.07 points, or 0.26 percent, at 413.37.

The Dow Jones industrial average .DJI closed up 67.18 points, or 0.35 percent, at 19,023.87. The S&P 500 .SPX gained 4.76 points, or 0.22 percent, at 2,202.94. The Nasdaq Composite .IXIC added 17.49 points, or 0.33 percent, at 5,386.35.

Europe's broad FTSEurofirst 300 index closed up 0.13 percent at 1,344.15.

Oil prices ended little changed in volatile trade in which prices rose and fell by $1 a barrel depending on the latest comment from OPEC officials at a technical conference in Vienna on whether cartel members would agree to an output cut. crude LCOc1 settled up 22 cents, or 0.45 percent, at $49.12 a barrel. U.S. crude CLc1 settled down 21 cents, or 0.44 percent, at $48.03 a barrel. U.S. crude rose as high as $49.20 a barrel earlier, while benchmark Brent crude touched $49.96.

The dollar rose modestly against the yen after touching a session high of 111.35 yen, just below Monday's nearly 6-month high of 111.36 yen, on data showing a surge in U.S. existing home sales last month. two-year Treasury note yields US2YT=RR steadied after rising to a more than six-year high of 1.1070 percent US2YT=RR earlier. supply has weighed on shorter-dated debt as investors are increasingly nervous about impending interest rate hikes.

"The sector that is most vulnerable to rate hikes is obviously the short end and intermediates, and there is some reason to believe that some people may shy away from the sector," said Justin Lederer, an interest rate strategist at Cantor Fitzgerald in New York.

Gold edged lower on reduced appetite for safe-haven assets. Spot gold prices XAU= were last down $1.3, or 0.11 percent, at $1,212.36 an ounce. Graphic: World FX rates in 2016

http://tmsnrt.rs/2egbfVh Global assets in 2016

http://reut.rs/1WAiOSC

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