US stocks have weathered a 7% slump for Dubai's leading index and are back in the black.
After falling marginally at the start of the day's trading, US stocks have recovered and are now back in positive territory. As of 3.30 GMT, the Dow Jones was up 34 points, or 0.34%, at 10344.61. The recovery in US shares comes after Dubai's leading index plunged more than 7% in the day's trading - its worst showing for a year. The National Bank of Abu Dhabi fell 10% into the red. Despite the fallout from Dubai, US shares were buoyed by figures showing that more people went shopping over the Thanksgiving weekend than last year. Meanwhile, the FTSE 100 stayed relatively steady in af...
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