Dow dips ahead of stress test results

clock

The Dow Jones opened marginally lower on Thursday despite leaked 'stress test' results suggesting good news for Bank of America and Citigroup.

Shortly after opening, the index dropped more than 30 points, or 0.44%, to 8,475.25. Bank of America and Citigroup lead the winner's table, advancing 16.98% to $14.85 and 6.22% to $4.10 respectively. Shares in both banks rallied after leaked results of the Federal Reserve's banks stress testing scheme gave an indication of their financial strength. Confirmed results are expected later today. In the UK, the FTSE 100 continued its upward surge this afternoon, gaining 59.84 points, or 1.31%, to 4,456.33 as of 3pm. Legal & General set the afternoon's pace, leading the top performers wit...

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 Investment

Woodford IM hits back at FCA's enforcement action including £46m in fines

Woodford IM hits back at FCA's enforcement action including £46m in fines

WIM said it 'strongly disagrees' with the regulator's decision

Cristian Angeloni
clock 05 August 2025 • 3 min read
Regulator bans and fines Neil Woodford and Woodford IM £46m

Regulator bans and fines Neil Woodford and Woodford IM £46m

Woodford has appealed the decision to the Upper Tribunal

Cristian Angeloni
clock 05 August 2025 • 3 min read
Darius McDermott: The line between resilience and risk

Darius McDermott: The line between resilience and risk

'Trump has, for the most part, chickened out'

Darius McDermott
clock 29 July 2025 • 5 min read