Dow soars over 200 points as US joins rally

clock

US indices have opened almost 2% higher on the first trading day of 2012 as risk appetite resumes across global markets.

The S&P 500 has opened 1.8% higher at 1,280 points, with the Dow Jones Industrial Average up 1.9%, or 230 points, to 12,447. The jump follows gains made in the UK, Europe and Asia. The strong opening in the US helped push the FTSE back up to 5,663 points, a rise of 1.6%, with resources groups Kazakhmys, Essar Energy and BHP Billiton, leading the way after putting on more than 6% each. Meanwhile lower-than-expected unemployment figures in Germany have helped the Dax rise 1.4% to 6,161, though France's Cac 40 is down 0.2% to 3,214 following strong gains on Monday. The euro rose 0.7% ...

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

Burnham to stick with fiscal rules as power set to flow out of Whitehall

Burnham to stick with fiscal rules as power set to flow out of Whitehall

First speech since PM bid

clock 29 June 2026 • 2 min read
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