Dow Jones rocky despite tech firm boost

clock

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...

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

Infrastructure: A good investment gone bad – and then good again?

Infrastructure: A good investment gone bad – and then good again?

'Infrastructure - a victim of a unique set of circumstances'

Darius McDermott
clock 02 May 2024 • 5 min read
Investment opportunities 'differ by client age group'

Investment opportunities 'differ by client age group'

‘Advisers should consider personal circumstances when it comes to investment’

Isabel Baxter
clock 02 May 2024 • 1 min read
Future of Investment Festival: Our specialist sessions for advisers

Future of Investment Festival: Our specialist sessions for advisers

Future-proofing advice, building sustainable portfolios, all things SDR

Professional Adviser
clock 02 May 2024 • 2 min read