Afternoon Markets: Dow drops despite sentiment boost

clock

The Dow Jones made marginal losses in early trading on Friday despite a rise in confidence among US consumers.

Shortly after opening, America's blue chip index fell 6.57 points, or 0.07%, to 9,620.91 in spite of the economy showing signs of pulling out of the recession. A University of Michigan sentiment index suggested consumer attitudes improved to 70.2 this month from 65.7 in August, exceeding forecasts of 67.5. Home Depot Inc fell 1.42% to $27.14, while financials Bank of America and American Express Inc shed 0.64% to $17.11 and 0.73% to $34.15 respectively. Alcoa Inc gained 2.02% to $13.10, while General Electric Co added 1.08% to $14.96. In the UK, the FTSE 100 continued to power ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

What two pizzas tell us about Bitcoin

What two pizzas tell us about Bitcoin

Laszlo Hanyecz really needed a slice...

Laith Khalaf
clock 19 December 2024 • 6 min read
Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Rise in UK inflation 'unwelcome' ahead of BoE interest rate meeting

Bank of England MPC meeting due on Thursday

Sorin Dojan
clock 18 December 2024 • 3 min read
Trump, tariffs and why UK companies can still appeal

Trump, tariffs and why UK companies can still appeal

Is a trade war inevitable?

Sheldon MacDonald
clock 11 December 2024 • 4 min read