US stocks have weathered a 7% slump for Dubai's leading index and are back in the black.
After falling marginally at the start of the day's trading, US stocks have recovered and are now back in positive territory. As of 3.30 GMT, the Dow Jones was up 34 points, or 0.34%, at 10344.61.
The recovery in US shares comes after Dubai's leading index plunged more than 7% in the day's trading - its worst showing for a year. The National Bank of Abu Dhabi fell 10% into the red.
Despite the fallout from Dubai, US shares were buoyed by figures showing that more people went shopping over the Thanksgiving weekend than last year.
Meanwhile, the FTSE 100 stayed relatively steady in afternoon trading but banking stocks were stressed. The index was down 14.09, or 0.27%, as at 3.30pm.
Lloyds banking group, which is launching a massive rights issue, was down 3.16% and Royal Bank of Scotland fell 2.09% as the fallout from Dubai continues to rattle bank nerves. HSBC, defying the gloom coming out of the Middle East, registered a small rise. Anglo American, Cairn Energy and TUI Travel are amongst the day's winners.
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