Afternoon Markets: Dow Jones flat as optimism fades

clock

The Dow Jones is flat in early trading on concerns the market revival may be outpacing the real rate of recovery.

America's blue chip index has climbed just 10 points (0.11%) 9,802.59 following strong rallies over the past two days. Financials are faring well. American Express added 1.06% to $36.22, while Bank of America Corp gained 0.96% to $17.42. Elsewhere, General Electric climbed 1.35% to $17.13 and Kraft Foods advanced 1.14% to $26.57. However, communications firms AT&T Inc shed 0.72% to $26.35, while Verizon Communications fell 2.04% to $29.79. In the UK, the FTSE is continuing to cement its position above 5,000 with a gain so far on Thursday of almost 39 points (0.75%) to 5,162.74. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Bank of England chief economist Huw Pill: Interest rate cuts remain 'some way off'

Bank of England chief economist Huw Pill: Interest rate cuts remain 'some way off'

'Relatively cautious approach' to rate cuts

Valeria Martinez
clock 23 April 2024 • 2 min read
UK consumer confidence hits two-year high as disposable income rises

UK consumer confidence hits two-year high as disposable income rises

Deloitte Consumer Tracker

Cristian Angeloni
clock 19 April 2024 • 2 min read
UK retail sales flatline as consumers cut back on food

UK retail sales flatline as consumers cut back on food

Following 0.1% increase in February

Cristian Angeloni
clock 19 April 2024 • 1 min read
Trustpilot