US stocks closed higher on Thursday, as the Federal Reserve and European Central Bank eased monetary policy and U.N. Secretary-General Antonio Guterres warned that world leaders were in danger of abandoning the Paris accord.
But the Dow Jones Industrial Average (DJIA) fell as much as 6.5%, and the S&P 500 (SPX) dropped 1.9%.
The Nasdaq composite dropped 2.9%, while the Russell 2000 lost 4.1%.
The Dow Jones industrial average is up 21.24 points, or 0.8%, at 13,639.96.
The S&P 500 is up 8.17 points, OR 1.5%.
The Russell 2000 is up 9.88 points, +0.4%.
The Nasdaq is up 10.43 points, plus or minus 0.5% at 5,097.23.
The S&p 500 is down 14.56 points, minus 0,2%, at 3,979.69.
The Russell 1000 is down 3.84 points, -0.1% at 3.894.17.
The Dow is up 18.25 points, and the Nasdaq index is up 20.75 points, with the S+P 500 at 2,928.27 and the Russell 1000 at 3:11:21.
The dollar was trading lower against a basket of currencies.
The euro was down 0.3%, against a U.K. basket of 10 currencies.
On Thursday, Guterre warned that the world’s leaders were likely to abandon the Paris climate change deal, which will limit global warming.
Guterres said on Thursday that the climate deal “does not represent the best way forward” for the global community.
“We’re facing an existential threat to our future,” Guterren said.
The EU agreed to the agreement on Thursday after years of negotiations.
Guterrez said that the accord would not go far enough.
“The agreement does not go nearly far enough,” Gitterre said.
“I will be very disappointed if we do not reach an agreement in Paris that is better than what we have today.”EU leaders also agreed to an EU-wide climate fund.
The fund will be used to finance a host of initiatives, including the implementation of the Paris deal, Gitterres said.
On Tuesday, Gutersa said that while the agreement does “not represent the ideal outcome for the world,” it was a “game changer” that could have “an enormous impact.”
Guterre, who said the U.P. would not accept an economic deal that was not in its interests, said he wanted the U,S.
and other nations to put aside their differences and work together on an economic “new normal” to address the global challenges of climate change.
“A lot of people are wondering what’s going to happen, what is going to take place,” Guters said.
“But I’m hopeful we can make it happen, to do what’s needed in terms of a better global climate.”
The U.G.P.’s chief economist, Adam Weinstock, told CNBC that the deal is still the most ambitious among the seven major nations in the Paris pact.
Weinstock said the deal would “provide a clear framework for the next 50 years.”
The U.U. is also committed to implementing the Paris agreement, he said.
Weinsteins remarks were the most upbeat since the last U.L.G.-Backed deal, in which the U., U.C.P., and the EU agreed on May 15 to reduce greenhouse gas emissions and tackle the impacts of climate warming.
deal to cap emissions at 1990 levels has been criticized by some, who say it will cost jobs and hurt the economy.
The deal was a key element of the U.-C.C.-E.U.-Canada summit in Lima, Peru, on Wednesday.
The Guterras statement also said that he was pleased to see that the U-P.
was “taking a bold step” to implement its climate change commitments, which included a pledge to cut its greenhouse gas output by 80 percent below 2005 levels by 2030.
The United States has been a big contributor to the global carbon emissions.
In addition, he noted that “we are leading the world in our commitment to reduce carbon pollution by 80% by 2050.”