Afternoon Markets: Dow up despite job loss disappointments

The Dow Jones lifted this afternoon despite data showing higher job losses in the US, alongside the ...

The Dow Jones lifted this afternoon despite data showing higher job losses in the US, alongside the expected announcement of 5.7% drop in GDP this year, based on Q1 figures. By 10.50am EDT, the blue-chip index had risen 40.66 points (0.49%) to sit at 8,340.52. The biggest losers in early trading included Bank of America and J.P. Morgan Chase, which fell 2.11% to $12.09 and 1.32% to $33.02, respectively. The leading stock was Home Depot, up 2.65% to $23.28 and Caterpillar also climbed 2.19% to $34.13. McDonalds also made it into the top five performers, up 0.8% to $56.75. On home sho...