Markets update: Dow opens in the red but FTSE stable

clock

The Dow Jones has opened trading in negative territory with yesterday's surge petering out as cautious investors look to keep hold of profits ahead of the long weekend.

As at 16.00 GMT, the Dow was down 0.65%, or 66 points to 10192, bringing to an end a turbulent month of trading as ongoing euro debt concerns weighed heavily on investor sentiment. The index had risen 500 points since hitting a low of 9,756 on Tuesday. A report on personal spending in the US also served to temper yesterday's buoyant mood as investors recovered a sense of calm. Procter & Gamble lead the risers, up 0.87%, followed by Merck & Co (up 0.27%), Coca-Cola (up 0.25%) and McDonalds (up 0.15%). Meanwhile, the FTSE is down 0.03%, or 1.73 points, to 5196 as two days of sharp...

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

Early Powell departure could be an 'unexpected gift' for EMs

Early Powell departure could be an 'unexpected gift' for EMs

Trump claims he will replace chair sooner

Eve Maddock-Jones
clock 01 July 2025 • 3 min read
BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

BoE's Andrew Bailey: Pick-up in inflation makes outlook uncertain

UK inflation at 3.4%

clock 27 June 2025 • 2 min read
Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Jerome Powell warns of long term inflation if Trump settles on higher tariffs indefinitely

Policies' economic impacts ‘uncertain’

Eve Maddock-Jones
clock 25 June 2025 • 3 min read
Trustpilot