Global stock indices are on an uptrend with the Nasdaq and several other growth stocks leading gains on Wall Street.
Meanwhile, the 2-year and 10-year Treasury yield curves remain inverted making investors remain wary of signs of a recession that may occur in 1 to 2 years.
Twitter shares that exploded 27.1% after news of Tesla CEO Elon Musk buying a total of 9.2% of its stake pushed a positive outlook on Wall Street.
Other large growth stocks also showed an exciting performance with the technology sector and consumer needs giving the biggest boost to the S&P 500.
According to Paul Nolte, portfolio manager of Kingsview Investment Management Chicago, investors are seen as loyal to the stocks of existing big names and there is no sign they will switch to other investments.
The Dow Jones Industrial average was up 103.61 points or 0.3% at 34,921.88, the S&P 500 hit 36.78 points or 0.81% at 4,584.64 and the Nasdaq Composite added 271.05 points or 1.9% at 14,532.55.
The European pan STOXX 600 index rose 0.84% and the MSCI gauge of worldwide stocks reached 0.86%.
In the United States (US) Treasury market, the 10 -year Treasury yield note was at 2.404% while the 2 -year yield note was at 2.420%.
The financial market summary saw the dollar jump for the third time in a row as investors were seen looking for safe-haven assets.
The surge in US bond yields also pushed the dollar especially against the Yen as the Bank of Japan (BOJ) acted to keep bond yields at zero for several weeks.
Moreover, the U.S. Department of Commerce said factory orders fell 0.5% in February, meeting expectations.
Data for January was revised higher to show orders increased 1.5% compared to 1.4% as previously reported.
