Morning markets: Wall Street rally buoys shares

clock

The Dow Jones closed higher at 10611.81, up 44.51 points (0.42%), marking its third day of rises and its highest closing level since January 19.

Topping the winners' board was International Business Machines Corp, up 1.98 points (0.58%) to $127.60 per share. Elsewhere The Home Depot Inc. was trading buoyantly at $31.13, up 0.42 points (1.32%), in the wake of being lauded as one of the ‘Most Valuable US Retail Brands". Materials and industrials components continued to suffer with 3M, trading at $81.26, down 0.30 points (0.37%). Elsewhere Coca Cola was down 0.60 points (1.1%) trading at $53.60. The strong showing from the US impacted on other markets around the globe with the FTSE at 5617.95, up 0.69 points (0.01%). A stro...

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