Afternoon Markets: S&P slides over 1% on poor economic data

clock

US stock markets opened sharply lower in early trading following negative consumer and house price data.

The Dow Jones was down 83.74 points (0.81%) to 10,299, while the S&P 500 shed 12.56 points (1.13%) to 1,095. Investors were reacting to heavier than expected fall in the consumer confidence index - while house prices were also negative, plunging 2.5% during the final quarter of 2009. In London, the FTSE 100 fell in line with US losses, down 41.97 points (0.78%) to 5,310 by 4pm. Wolseley continued to lead risers, up 10.84% to £16.06. However, commodity-related stocks weighed on the market, with mining and energy shares among the biggest fallers - including Eurasian Natural Resources...

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

Chancellor Khalaf has a plan to make our economy boom

Chancellor Khalaf has a plan to make our economy boom

'So, Sir Keir, if you're reading, I do genuinely hope Rachel is doing okay. And my number's still the same. So, you know, call me'

Laith Khalaf
clock 25 July 2025 • 5 min read
UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

UK capital markets need to close gap between 'perception and reality' - Poppy Gustafsson

Speaking at IA annual conference

Sorin Dojan
clock 26 June 2025 • 2 min read
Trust in ONS data 'very low' as financial services shifts to alternative sources

Trust in ONS data 'very low' as financial services shifts to alternative sources

Follows latest inflation blunder

Sorin Dojan
clock 24 June 2025 • 4 min read