Global stocks mostly fall amid angst at inflation risk
An electronic quotation board displays share prices with a level of 30,000 yen on the Tokyo Stock Exchange in Tokyo on February 15, 2021.
Global stock markets mostly fell Wednesday, with investors worried about high-flying share prices and the potential for inflation to spiral.
On Wall Street, the Dow eked out another record, but both the S&P 500 and Nasdaq retreated, with analysts pointing to worries over higher Treasury bond yields.
European stocks finished lower, and losses were posted across most of Asia.
Oil prices rose, however, were holding near 13-month highs.
Lifted in recent months by OPEC production cuts, there prices got added support this week from a big freeze in Texas that has hammered output in the key US oil state.
Meanwhile, Bitcoin hit another record, pushing above $52,000 after breaking through $50,000 for the first time on Tuesday.
The dollar rose Wednesday against the euro and pound, but dipped against the yen.