US market makes further gains on jobs data

clock

US markets have continued to make gains overnight on the back of positive data on the job market.

First time applications for unemployment benefits dropped last week to the lowest since September. The Dow Jones closed up 0.69% at 16,010 points, gaining a total of 109 points over the day. The S&P 500 closed up 0.81%, totalling a 14.48 increase, at 1,795 points. However, UK exchanges have fallen since opening this morning, with positive news from the US failing to boost the UK market. The FTSE 100 is down 7 points -  0.11% - at 6,674 points. Elsewhere, the Hang Seng closed up 116 points at 23,696 points, a total of 0.49%.  The Nikkei made gains too closing up 0.1% at 15, 38...

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

2025 investment trends: The updated reality in wealth management

2025 investment trends: The updated reality in wealth management

'The future of wealth management will lie in personalisation'

Julia Khandoshko
clock 16 January 2025 • 4 min read
UK inflation lowers to 2.5% in December

UK inflation lowers to 2.5% in December

Down from 2.6% in November

Sorin Dojan
clock 15 January 2025 • 2 min read
'It's a challenging time': Advisers react to record gilt yield rises

'It's a challenging time': Advisers react to record gilt yield rises

Clients worried about a weakening UK economy

Isabel Baxter
clock 13 January 2025 • 5 min read