* U.S. stocks rise early; Nasdaq out front
* Dollar eases from 2-week high
* U.S. Treasury yields off earlier highs (Updates throughout with U.S. market openings; previous LONDON)
By Caroline Valetkevitch
NEW YORK, May 5 (Reuters) - Stock indexes rose globally on Wednesday, with the Nasdaq leading gains on Wall Street, while the U.S. dollar eased off its more than two-week high hit earlier.
Technology and growth stocks including Apple Inc AAPL.O were among the biggest boosts to the Nasdaq.
Energy led S&P 500 sector gains following a rise in crude oil prices. The S&P 500 energy index .SPNY was last up more than 3%.
Investors across markets were also trying to position ahead of Friday's U.S. monthly jobs report.
Tony Rodriguez, head of fixed income strategy at Nuveen, said the Treasury market's real focus will be Friday's labor report and the potential that an unexpectedly much higher or lower number of job gains could move the market.
"I think it would have to be closer to 1.2 million (in jobs gains) to have the market really feel like growth is accelerating at a pace that's a little above what people expected coming into this," Rodriguez said.
Stock indexes in Europe were boosted by upbeat earnings and business activity.
Data showing euro zone business activity quickened last month, while the services industry returned to growth. Dow Jones Industrial Average .DJI rose 157.65 points, or 0.46%, to 34,290.68, the S&P 500 .SPX gained 21.78 points, or 0.52%, to 4,186.44 and the Nasdaq Composite .IXIC added 82.54 points, or 0.61%, to 13,716.04.
India's Nifty 50 .NSEI was 0.8% higher, its best day in a week, as the central bank rolled out a series of measures to support the coronavirus-ravaged economy, including allowing certain small borrowers more time to repay loans. dollar was near flat after moving off more than two-week highs followed some softer-than-expected U.S. economic data. private payrolls rose by the most in seven months in April, ADP (NASDAQ: ADP ) data showed on Wednesday, as companies boosted production to meet a surge in demand amid massive government spending and rising COVID-19 vaccinations. But the 742,000 private jobs created fell short of the 800,000 jobs expected by economists in a Reuters poll. separate report showed services industry activity eased in April from a record level in March, likely due to shortages of inputs amid a burst of demand, data from the Institute for Supply Management showed.
In the U.S. Treasury market, yields backpedaled from earlier highs. An announcement of second quarter auction sizes and economic data did not move the market out of its holding pattern. benchmark 10-year yield US10YT=RR , which hit a session high of 1.626%, was last up less than a basis point at 1.5996%, holding below a 14-month high of 1.776% reached on March 30.
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https://tmsnrt.rs/2zpUAr4 Asia-Pacific valuations
https://tmsnrt.rs/2Dr2BQA MSCI's World Stock Index
https://tmsnrt.rs/3nMpcL3 Daily COVID-19 case load in India
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