Afternoon Markets: Dow drops despite sentiment boost

clock

The Dow Jones made marginal losses in early trading on Friday despite a rise in confidence among US consumers.

Shortly after opening, America's blue chip index fell 6.57 points, or 0.07%, to 9,620.91 in spite of the economy showing signs of pulling out of the recession. A University of Michigan sentiment index suggested consumer attitudes improved to 70.2 this month from 65.7 in August, exceeding forecasts of 67.5. Home Depot Inc fell 1.42% to $27.14, while financials Bank of America and American Express Inc shed 0.64% to $17.11 and 0.73% to $34.15 respectively. Alcoa Inc gained 2.02% to $13.10, while General Electric Co added 1.08% to $14.96. In the UK, the FTSE 100 continued to power ...

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

City 'has lost sympathy with this Labour government' - George Osborne

City 'has lost sympathy with this Labour government' - George Osborne

Former chancellor defends the OBR

Michael Nelson
clock 01 October 2025 • 3 min read
Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Labour remains 'unequivocal in our commitment to economic responsibility' - Chancellor

Rachel Reeves was speaking at the Labour Party conference

Linus Uhlig
clock 29 September 2025 • 3 min read
Bank of England holds interest rates at 4% as inflation remains 'sticky'

Bank of England holds interest rates at 4% as inflation remains 'sticky'

Seven MPC members voted to leave interest rates untouched

Linus Uhlig
clock 18 September 2025 • 2 min read