An index of stocks across the world fell today, on Friday but was set to post its strongest weekly gain in five, while benchmark Treasury yields climbed to 13-month highs, partly on optimism after a $1.9 trillion recovery package was signed into law, Reuters reported. Gains in Shanghai and Tokyo stock markets proved tough to match in Europe and on Wall Street, where banks were the silver lining and the Nasdaq underperformed as the rotation from growth to value continued. The Dow Industrials hit a record high. The spike in Treasury yields gave support to the dollar while the sell-off in stocks shone a light on the greenback's safe haven appeal. The Dow Jones Industrial Average rose 233.39 points, or 0.72%, to 32,718.98, the S&P 500 lost 3.36 points, or 0.09%, to 3,935.98 and the Nasdaq Composite dropped 111.26 points, or 0.83%, to 13,287.42. The pan-European STOXX 600 index lost 0.26% and MSCI's gauge of stocks across the globe shed 0.17%. Emerging market stocks lost 0.76%. Overnight, MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.69% lower, while Japan's Nikkei rose 1.73%. U.S. 10-year Treasury yields rose above 1.6% and were on track to post their seventh consecutive weekly rise. Benchmark 10-year notes last fell 30/32 in price to yield 1.6317%, from 1.527% late on Thursday. The recent, sharp, market moves give even more importance to next week's meeting of the U.S. Federal Reserve for clues to its views on rising yields and the threat of inflation. In currency markets, the dollar index rose 0.244%, with the euro down 0.28% to $1.1951. The Japanese yen weakened 0.51% versus the greenback at 109.04 per dollar, while Sterling was last trading at $1.3923, down 0.48% on the day. Oil prices fell, with both Brent and WTI struggling to keep the weekly performance in positive territory after rising more than 10% over the past two weeks. On Friday, U.S. crude fell 0.53% to $65.67 per barrel and Brent was at $69.22, down 0.59% on the day. Spot gold added 0.1% to $1,722.56 an ounce. Silver fell 0.79% to $25.87. Bitcoin last fell 1.43% to $56,947.33.