Dow posts record closing high, stocks gain for 3rd week; dollar dips – Reuters

Dow posts record closing high, stocks gain for 3rd week; dollar dips – Reuters

NEW YORK, Oct 22 (Reuters) - The Dow Jones industrial average registered a record closing high on Friday and major equity indexes posted a third straight week of gains while the U.S. dollar slipped.

On the day, MSCI's broadest gauge of global shares (.MIWD00000PUS) was flat, and the S&P 500 (.SPX) and Nasdaq (.IXIC) ended lower.

Stocks came under pressure after Federal Reserve Chair Jerome Powell said the U.S. central bank was "on track" to begin reducing its purchases of assets. read more