Afternoon Markets: Pharmaceuticals lead slow Dow revival

The Dow Jones has begun to recover from a sluggish start this morning, with the market predicting imp...

The Dow Jones has begun to recover from a sluggish start this morning, with the market predicting improved June's US consumer sentiment figures. After a negative start, the Dow has recovered to sit just 4.24 points lower (0.05%) to 8,766.68. Banks and pharmaceuticals dominated the top performing stocks, with Bank of America leading the pack, up 4.1% to $13.50. It was followed by pharma companies Pfizer, Merck & Co and Proctor & Gamble, up 1.37% to $14.85, 0.84% to $26.41 and 0.77% to $52.40 respectively. The sector's performances followed a strong showing from UK pharmaceutical giant ...