The Dow Jones has fallen significantly from opening, despite a rare piece of positive economic news.
The Wall Street index is down 62 points (0.75%) to 8,279, even though the Institute for Supply Management's June figures on the country's service sector are better than predicted. Mining related stocks are again leading the rout, after a difficult time last week, with Alcoa the worst performer, down 5.28% to $9.34. Mining equipment manufacturer Caterpillar and oil miner Chevron are among the top five losers, down 2.01% to $31.10 and 1.74% to $63.30, respectively. The FTSE is currently 33 points (0.8%) below its 4,221 opening, having risen slightly throughout the day, with four mine...
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