Opening Bell: US stocks rally, John Lewis ad, 'flash crash' trader pleads guilty

Get up to speed with today's breaking Irish and international business news

Despite early panic following the news that Donald Trump was victorious in the US presidential election, stock markets ultimately rallied on Wednesday.

In the US, the benchmark S&P 500 climbed 1.1% to 2,163, reversing losses in the futures market which had suggested Wall Street would open 5% down.

Pharmaceutical and financial stocks led the charge, with experts believing both sectors could benefit from Trump's planned loosening of regulations, while construction strengthened off the back of his projected infrastructure rebuilding.

Shares in Bank of America were up 6%, Wells Fargo climbed 5% and JPMorgan rose 5%. 

The Dow Jones and Nasdaq were both up by close of trading.

Looking to the longer-term, however, a sell-off in bonds suggested there is still a good deal of uncertainty out there.


A British man is facing up to eight years in a US jail after he admitted deliberately triggering a mini crash on the US stock market in 2010.

The 37 year-old Navinder Sarao used a computer at his parents' home in Hounslow, west London, to manipulate share prices.

As part of a plea deal, he's handing over nearly $13 million dollars from his profits.


Data protection and the development of a Digital Single Market are just two items up for discussion during a two-day visit by EU Commissioner Vera Jourová.

The Commissioner for Justice, Consumers and Gender Equality will meet Justice Minister Frances Fitzgerald and take part in an IBEC hosted meeting with senior tech industry representatives.

IBEC's Head of Digital Policy, Eric O'Donovan says it's a unique opportunity:

"In Ireland, the digital economy is worth around €12.3bn to our economy and there's over 100,000 people employed in the digital sector here. In that context, we want to meet the Commissioner to highlight Ireland's digital economy. We are ranked about eight in European digital development, but we can't be complacent."


There has been a penguin, a bear and hare, a snowman, and even a man on the moon – but this year's John Lewis Christmas ad features a bouncing boxer.

A dog called Buster stars in the two-minute TV commercial, telling the story of his obsession with a trampoline.

John Lewis seems to have left the emotional-tearjerker Christmas advert behind in favour of a more upbeat one.

The commercial, which is considered a marker of the start of the UK festive shopping season, is released today.