Markets buoyed by bullish Buffett

clock

Billionaire investor Warren Buffett's bullish outlook for the US has boosted markets, pushing the Dow Jones up 96 points and the FTSE back above the 6,000 mark.

In his annual letter to shareholders, Buffett says he is "itching" to make new acquisitions for his portfolio and now is the time for significant new investments. This positive sentiment propelled the Dow Jones up 95.89 points, or 0.79%, to 12,226.34 while the S&P 500 increased 7.34 points to 1,327.22. The FTSE 100 rose 0.61% to 6,030.75 in early morning trading. The index's leading shares were GKN, up 2.62%, Fresnillo, up 2.26%, Xstrata, rising 2.06%, Eurasian Natural Resources Corp, climbing 1.97% and Aggreko, up 1.94%. Conversely, HSBC fell 1.36%, Sage Group dropped 0.98%, Re...

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

Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read
Five key takeaways from the Spring Statement 2025

Five key takeaways from the Spring Statement 2025

OBR growth, ISA reforms and defence

Sorin Dojan
clock 27 March 2025 • 4 min read