New York — Stocks recovered on Tuesday as investors chose to look beyond US President Donald Trump’s setback on healthcare reform and awaited comments from several Federal Reserve officials, including Fed Chair Janet Yellen. The dollar steadied as the promise of more rises in Federal Reserve interest rates this year helped it recover from multi-month lows hit on Monday, and US Treasury debt prices inched lower after strong US consumer confidence data. Advancing shares in Asia and Europe helped boost the MSCI’s all-country world equity index, which hit a near-two-week low on Monday. The index was up 0.52%. The index found further support after Wall Street stocks inched higher, boosted by financials, after a survey showed US consumers’ confidence in the economy rose in March to its highest level since December 2000. The cutoff date for the survey was March 16. "This market is driven by two things — the hope of policy agenda getting put into place and improving fundamentals," said Art ...
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