US market makes further gains on jobs data

clock

US markets have continued to make gains overnight on the back of positive data on the job market.

First time applications for unemployment benefits dropped last week to the lowest since September. The Dow Jones closed up 0.69% at 16,010 points, gaining a total of 109 points over the day. The S&P 500 closed up 0.81%, totalling a 14.48 increase, at 1,795 points. However, UK exchanges have fallen since opening this morning, with positive news from the US failing to boost the UK market. The FTSE 100 is down 7 points -  0.11% - at 6,674 points. Elsewhere, the Hang Seng closed up 116 points at 23,696 points, a total of 0.49%.  The Nikkei made gains too closing up 0.1% at 15, 38...

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: Tariffs are here to stay. What's next for investors?

Partner Insight: Tariffs are here to stay. What's next for investors?

The current outlook for US tariffs is complex and their full impact on growth remains to be seen. Columbia Threadneedle Investments explores what advisers need to know, key events to keep top of mind and how to navigate the uncertainty.

Columbia Threadneedle Investments
clock 23 October 2025 • 5 min read
IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

IFS: Reeves must plug £22bn fiscal hole to restore 'tiny' headroom

Think tank urges chancellor to avoid 'limping from one forecast to the next'

Linus Uhlig
clock 16 October 2025 • 2 min read
Why higher bond yields aren't causing a Mini-Budget meltdown

Why higher bond yields aren't causing a Mini-Budget meltdown

'One thing we know about Rachel Reeves is she will live or die by her fiscal rules'

Laith Khalaf
clock 07 October 2025 • 5 min read