Dow climbs ahead of Fed rate call

clock •

The Dow Jones is seeing upward movement as investors await the Fed's interest rate decision due later today.

In early trading the index is up 1.29% (119.03 points) at 9,360.48, with investors expecting the Fed to issue a positive outlook and guidance on monetary policy while maintaining rates at 0.25%. Banking stocks are back in the black after this week's two day sell-off. Bank of New York (BNY) Mellon has climbed 3.5% to $29.04 on news of its £235m acquisition of Insight Investment, while JPMorgan Chase and Goldman Sachs are up 2.01% at $42.07 and 2.78% at $163.65 respectively. Meanwhile, the FTSE 100 shrugged off this morning's losses after banks reacted well to the Bank of England's quar...

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 Your profession

Budget 26: Initial relief from advisers turns to 'irritation at the detail'

Budget 26: Initial relief from advisers turns to 'irritation at the detail'

Tax rises ‘aimed at thrift and capital’

Sophia Panayi
clock 29 October 2026 • 4 min read
Budget 26: Savings income tax rate to rise to 44% for higher earners

Budget 26: Savings income tax rate to rise to 44% for higher earners

From April 2027

clock 29 October 2026 • 2 min read
Budget 26: Business asset disposal relief threshold halved to £500,000

Budget 26: Business asset disposal relief threshold halved to £500,000

'No change for three in four claimants'

clock 28 October 2026 • 1 min read