Dow climbs as miners surge

clock

The Dow Jones followed the FTSE 100, climbing strongly after opening, up 95 points (1.1%) to 8,543.

Again like the London index, the big Dow winners were miners and retailers, with Kraft Foods leading the pack early. Kraft was up 3.35% to $26.19, with Coca Cola third highest riser, up 2.25% to $49.07. Yesterday’s biggest loser Caterpillar made the second largest gain, 2.51% to $33.87, with fellow mining company Alcoa also in the top five, up 2.18% to $10.56. The FTSE climbed this afternoon, as the Dow opened, rising 82 points (1.9%) from opening to a day high of 4,337. Early leaders Vedanta and Eurasian Natural Resources were joined in the top five performers by Antofagast...

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

More than half of IFAs feel negative about a potential Labour govt

More than half of IFAs feel negative about a potential Labour govt

Advisers favour Conservatives when it comes to their clients and business

Isabel Baxter
clock 09 May 2024 • 2 min read
Elections and advice: Planning in political and legislative uncertainty

Elections and advice: Planning in political and legislative uncertainty

‘It should not be based on speculation, always plan on current legislation’

Isabel Baxter
clock 08 May 2024 • 3 min read
'Discussion-worthy stuff': Chinese assets under pressure

'Discussion-worthy stuff': Chinese assets under pressure

China has an 18% share of global GDP and only a 3% MSCI ACWI weighting

Chris Justham
clock 02 April 2024 • 2 min read