* Reuters Live Markets blog: (Updates to U.S. market close)

By Rodrigo Campos

NEW YORK, April 19 (Reuters) – An index of stocks across the world on Monday posted its largest daily drop in almost four weeks after touching a record high as investors looked for earnings to justify the high valuations in equities.

The U.S. dollar index touched a more than 6-week low and Treasury yields edged up after posting on Friday their largest weekly drop since June and oil prices slipped on concerns over rising coronavirus cases globally.

On Wall Street, indexes fell, with the Nasdaq being the biggest decliner.

The Dow Jones Industrial Average fell 123.04 points, or 0.36%, to 34,077.63, the S&P 500 lost 22.21 points, or 0.53%, to 4,163.26 and the Nasdaq Composite dropped 137.58 points, or 0.98%, to 13,914.77.

“Wall Street could be in for a few choppy trading weeks as more of the same strong earnings beats becomes the theme,” Edward Moya, senior market…

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