FTSE set for first loss in two weeks

clock

In the US, blue-chip stocks trailed as investor sentiment turned cautious after a two-week rally.

The Dow Jones Industrial Average was down 4.3 points, or 0.05%, to 9,104.2 in early trade, with credit card firm American Express the biggest loser, down 2.4% at $27.70. Oil giants Exxon Mobil and Chevron were also out of favour, each down about 1%, after their UK rival BP reported a 50% drop in half-year earnings from the year before due to the low price of oil. Bucking the trend, aerospace giant Boeing added 1.2% to $42.80 and Bank of America also gained, up 0.6%, after it announced it would close fewer branches in the US than feared. In the UK, the FTSE 100 gave up morning gains...

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

UK inflation rises to 3.8% in July

UK inflation rises to 3.8% in July

Core CPI also up to 3.8%

Sorin Dojan
clock 20 August 2025 • 2 min read
Bank of England meets expectations and cuts rates to 4%

Bank of England meets expectations and cuts rates to 4%

Lowest level in two and a half years

Isabel Baxter
clock 07 August 2025 • 4 min read
Think tank warns UK fiscal hole could surpass £50bn by 2030

Think tank warns UK fiscal hole could surpass £50bn by 2030

Government not on track to meet ‘stability rule’

Sorin Dojan
clock 06 August 2025 • 1 min read