Dow ahead as FTSE hits year-high

clock

US stocks advanced for a fourth session as investors cheered a surprise rise in home sales in July.

US stocks advanced for a fourth session as investors cheered a surprise rise in home sales in July. The main Dow Jones index added almost 1% in early exchanges to trade at 9,440.96, led by chemical firm Du Pont, up 2.38% to $32.70. General Electric and Bank of America were also in favour, both up more than 2%. Meanwhile, in the UK, the FTSE 100 extended morning gains to add 89.25 points (1.88%) to 4845.83 at 3.30pm. It's the first time the index has passed through the 4,800 mark since October last year as hopes for an economic recovery gather pace. A rally in British Airways...

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

Five years on from Covid: What's next for markets?

Five years on from Covid: What's next for markets?

It is now five years since the start of the UK’s Covid lockdown. Since then, we have seen considerable market and geopolitical-related change. Here, William Marshall looks back over the past five years and also explores what we might expect from markets...

William Marshall
clock 06 May 2025 • 4 min read
Gilt yields fall after Donald Trump backs down in 'tariff war'

Gilt yields fall after Donald Trump backs down in 'tariff war'

US president pauses most additional tariffs

Jonathan Stapleton
clock 10 April 2025 • 2 min read
Reeves defends yearly Budget to avoid 'constant chopping and changing'

Reeves defends yearly Budget to avoid 'constant chopping and changing'

Treasury Committee scrutinises chancellor on Spring Statement

Isabel Baxter
clock 02 April 2025 • 3 min read