Afternoon Markets: Dow slides despite positive jobs data

clock

The Dow has slumped in early trading, despite optimistic figures showing more Americans are finding work.

America's blue chip index is down 35.97 points (0.38%) to 9511.25 at 14.55, in spite of unemployment claims for the week ended 5 September falling by 26,000 to 550,000, according to the Labor Department. General Electric Co tumbled 1.88% to $14.59, while American Express shed 1.85% to $33.46. However, Proctor & Gamble Co has added 3.65% to $55.72 after confirming previous guidance for organic sales growth of between 1% and 3% in the 2010 tax year and Walt Disney Co has gained 0.71% to $27.14. In the UK, the FTSE 100 has continued its slight decline, down 35.85 points (0.72%) to 496...

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

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

BoE's Alan Taylor: Extended interest rate hold an 'appropriately measured policy response'

Geopolitics in the driving seat

Michael Nelson
clock 25 June 2026 • 2 min read
Advisers highlight uncertain political and fiscal future after Starmer resignation

Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock 22 June 2026 • 5 min read
OBR independence 'a major advantage' for UK economy

OBR independence 'a major advantage' for UK economy

Treasury Committee hearing

Alex Sebastian
clock 20 May 2026 • 4 min read