US stocks recover as Japan nuclear fears subside

clock

The Dow Jones posted strong gains in early trading on Thursday as a cooling operation at the tsunami-hit Fukushima Daiichi nuclear plant eased investor fears.

After falling 3.6% since Friday's close and following three straight sessions of losses, the index advanced more than 150 points, or 1.3%, to 11,766. Elsewhere, the Nasdaq Composite gained 1.3% to 2,652 while the S&P 500, boosted by the industrial and energy sectors, added 1.5% to 1,276. European markets continued to rebound strongly with the FTSE up 1.4% to 5,677, the French Cac up 1.8% to 3,763 and the German Dax advancing more than 2.% to 6,650. In London, miners led the gains with Kazakhmys, Xstrata and BHP Billiton all up on strengthening metal prices. Meanwhile, the yen pu...

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