Afternoon Markets: Dow jumps 2% on Greece rescue hopes

clock

The Dow Jones advanced more than 2% in early trading as investors reacted positively to signs Greece could get help from the European Union (EU).

Following news the EU will hold a key meeting on Thursday to discuss its highly-indebted nations, the Dow shot up more than 210 points, or 2.15%, to smash back through the through the 10,000 barrier. At shortly after 5.45pm GMT, the index was up 212.75 points, or 2.15%, to 10,121.14 Caterpillar led early gains following an upgrade from Morgan Stanley while Coca-Cola advanced after reporting fourth quarter results in line with expectations. Meanwhile in London, the FTSE survived a late dip to remain over 5,100 at close. The index finished almost 20 points, or 0.38%, up at 5,111....

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

UK inflation drops to 2.6% to bring 'fleeting' relief as fuel prices fall

UK inflation drops to 2.6% to bring 'fleeting' relief as fuel prices fall

BoE rate hike priced in for 2026

Michael Nelson
clock 22 July 2026 • 2 min read
Andy Burnham to launch ten-year plan for UK

Andy Burnham to launch ten-year plan for UK

Cost of living measures to be set out

Jaskeet Briah
clock 20 July 2026 • 3 min read
Ex-MPC member Jonathan Haskel approved as OBR chair

Ex-MPC member Jonathan Haskel approved as OBR chair

Nominated by Rachel Reeves

Cristian Angeloni
clock 17 July 2026 • 1 min read