Dow Jones

The FTSE100 is sharply higher this morning after an extraordinary late surge on Wall Street drove the Dow Jones IA 6.67% ahead on Thursday.

The Dow Jones dived nearly 200 points in early trading today as the jubilation surrounding President-elect Barack Obama failed to fire Wall Street.

Trading in London remained weak as noon approached, with the FTSE100 down 154.4 points (3.98%) to 3,728.96 as economic predictions paint an increasingly gloomy picture.

The Dow Jones opened more than 5% down this morning as investors feared a lasting global recession following the release of poor economic data across Europe and Asia.

The FTSE100 has spent the entire day in decline as fears of a global recession and more losses on Wall Street spook investors.

Strong losses for the mining sector coupled with a poor start on Wall Street has smashed the FTSE100 this afternoon.

The FTSE100 ticked above 4,000 once again this afternoon following a brief rally ahead of Wall Street's Friday session.

The Dow Jones Industrial Average has fallen by more than 2% after markets opened in the US.

Wall Street has taken its expected punishment upon opening this morning, with the Dow Jones slumping almost 3% in under an hour of trading.

A slow start for retailers coupled with strong losses in Asia is weighing on the FTSE100 this morning, with London's blue-chip index down 25.60 points (0.48%) to 5340.60 so far.