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

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
Advisers predict returns uptick in face of increased market volatility until 2030

Advisers predict returns uptick in face of increased market volatility until 2030

Investor Confidence Barometer from Scottish Widows

Jenna Brown
clock 07 January 2026 • 2 min read
Advisers see more market volatility coming in 2026

Advisers see more market volatility coming in 2026

Uncertainty over the global economy and UK inflation rate

Isabel Baxter
clock 06 January 2026 • 2 min read