Dow on the rise despite Kraft slump

clock

The Dow Jones pushed ahead in early trade after its Labor Day recess, as the market reacted to Kraft's attempt to buy Cadbury.

America's blue chip index has added 35.29 points (0.37%) to 9476.56 at 3pm, despite a rejected offer from Kraft for Cadbury, which saw the chocolate firm's stock surge in London yesterday. Manufacturer General Electric Co has climbed 4.54% to $14.5 as it was raised to "overweight" at JP Morgan Chase & Co which touted the firm's potential for an "upside surprise". Alcoa Inc gained 2.87% to $12.53, while Caterpillar Inc added 2.1% to $47.06. However, Kraft Foods Inc has fallen 5.43% to $26.58 after announcing it will pursue a takeover of Cadbury following the rejection of its £10.2bn...

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

Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

Bank of England holds rates at 3.75% as it waits for 'cloudy' data to clear

'Wait and see approach'

Michael Nelson
clock 05 February 2026 • 2 min read
Kevin Warsh's surprise pick for Fed chair forces investors to rethink 'dollar debasement'

Kevin Warsh's surprise pick for Fed chair forces investors to rethink 'dollar debasement'

'Catalyst' for rapid repricing

Alex Sebastian
clock 04 February 2026 • 4 min read
Partner Insight: A new VCT landscape - what advisers need to know after the Budget

Partner Insight: A new VCT landscape - what advisers need to know after the Budget

For professional advisers and paraplanners only. Not to be relied upon by retail clients.

Toyin Oyeneyin, Tax Product Specialist, Octopus Investments
clock 19 January 2026 • 5 min read