Wall Street trading got off to a rocky start today, with the Dow Jones fluctuating through the morning and up just 2.04 points (0.02%) to 8,766.53 shortly before 11pm.
Technology firms were boosted after chip maker Texas Instruments gave an upbeat outlook for future business prospects. Intel shares climbed 2.51% to $16.32, while IBM shares added 1.07% to $108.64.
Consumer product manufacturers Kraft Food and Procter & Gamble saw their share prices fall, down 0.98% and 0.97% respectively.
In London, the FTSE 100 fell back after early gains and was down 1.24 points (0.03%) to 4,403.98 shortly before 4pm.
Thomas Cook shares rocketed by 8.98% to 233.5p after its German majority owner, Arcandor, revealed it had applied for bankruptcy protection. Thomas Cook confirmed it is ringfenced from the group.
Lloyds shares also climbed on news it will shut its Cheltenham & Gloucester branches and make a number of redundancies to reduce its costs, up 4.09% to 63.6p.
What made financial headlines over the weekend?
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000