Dow rockets on positive economic reports

<p>A pair of positive economic reports in the US have seen the Dow open higher.</p>

The Dow opened 100 points higher today (March 26th) as a result of positive economic reports in the US.

At 14:15 GMT, the index was recorded trading 102 points up on the start of the day's trading, 0.71 per cent higher, at 14,550.58.

According to a report by This is Money, this is despite data from the US Commerce Department that revealed new home sales declined 4.6 per cent in February to a seasonally adjusted annual rate of 411,000 units.

London's stocks are having a steady day and the FTSE 100 was 23.37 points higher at 6401.75 this afternoon, while France's CAC 40 was 0.77 per cent higher. Germany's DAX index also saw growth and was 0.20 per cent higher at 7,886.91.

Today's slow progress for the European markets comes after the FTSEurofirst 300 rose by as much as 0.9 per cent on Monday, though it fell away later in the day.

Find up to date information on the FTSE 100 and spread betting strategies at City Index

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.