World shares off record peak; dollar rises


MSCI's broadest gauge of world shares still achieved its strongest month since November. The index, which covers 50 markets, shed 0.92%. U.S. indices closed lower after the S&P 500 hit at a record high on Thursday. The Dow Jones Industrial Average fell 185.51 points, or 0.54%, to 33,874.85, the S&P 500 lost 30.3 points, or 0.72%, to 4,181.17 and the Nasdaq Composite dropped 119.87 points, or 0.85%, to 13,962.68.

NEW YORK: World shares fell on Friday, retreating from Thursday's record peak as investors worried about valuations, while the US dollar posted its largest daily gain since late February.

MSCI's broadest gauge of world shares still achieved its strongest month since November. The index, which covers 50 markets, shed 0.92%.

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