Banks up in strong Dow start

With the markets suspended for the Memorial Day public holiday yesterday, the Dow opened with positive performances from banks JPMorgan Chase and Citigroup, up 0.72% to $35.13 and 0.04% to $3.71 respectively. General Motors nosedived almost 20% to $1.15, as it nears the 1 June deadline to offer the US Government a plan to repay its £27bn debts or face bankruptcy. The FTSE 100 climbed to a day high of 4,405 points by around 3.15pm today, 1.5% up on opening at 4,353. Miner Rio Tinto's shares fell fractionally, 0.69% to £27.50, after reports at the weekend suggested its £19.5m cash injec...