these folks weren t rioting like we have seen the past several days. they were there to clean up. now the problem is that the violence, looting and arson has spread to sever other british cities besides london. also a nationwide manhunt for two brothers and their older sister accused much opening fire on a florida police officer, then robbing a georgia bank. you re seeing the three siblings there and authorities do consider them armed and extremely dangerous. all right. wall street did a bit of a u-turn yesterday and thank goodness it did. we don t know exactly what it s going to do today. but we are waiting to see. that is coming up for us in about 29 minutes from now. the dow closed up 429 points yesterday. however, that was a reversal of fortunes from monday s loss of 634 points. christine romans in new york for us. alison kosik at the new york stock exchange for us. christine, 29 minutes away. what is going to happen? reporter: futures are lower and alison can tell
about shanghai, down yet again today. it was a bit of mixed picture. the nikkei down a half percent, sony not helping the nikkei. that s reaction to their forecast for weaker than expected profits in the current year. hong kong almost up by 1%. australia down by almost 1%. it s been a choppy week across the global investment world this week. strength in the tech sector stemmed some of the losses on wall street after weekly jobless claims came in above 400,000 for the seventh week in a row. the revised reading on first quarter gdp stayed at 1.8%. at the close the dow was up a fraction. the nasdaq gains 0.75%. the s&p 500 up 0.40%. nina? andrew, you will tell us about how the tech sector
steamed ahead to stem some of the losses on wall street, i believe, right? yeah, i did. basically there s quite a lot of action in the tech world. texas have generally been outperforming the broader markets, any way. we sort of saw a bit of that continue yesterday, nina, but it s still difficult to get a grip on the direction. there s a lot of churning at the moment. it s a difficult one to pick at the moment. okay, andrew. let s talk about how things are progressing in terms of the retail sector in the united kingdom. britain s trends seem to come and go in the blink of an eye, especially if you re a woman like me and need to update the wardrobe, but no one is accelerating the way women change their outfits than the royal family s newest member. you could call it the kate effect as i discovered. she may be the duchess of
lines moving. just can t win at the moment. kyung, thank you very much for that. nina? now, let s have a look at how things fared on wall street. we ll hear the closing bell at some point now, you should be able to hear it. there we go. trading on thursday was overshadowed by gloom about the u.s. economy. weekless jobless claims came in at about the 400,000, and the government s revised reading on gdp stayed at 1.8%. strength in the technology sector did help stocks stay out of the red. for the day the dow jones eking out a small gain, the nasdaq gains three quarters of a percent, and the s&p 500 rising by 0.78%. day two of the g-8 summit in france is just getting underway,
process, i m totally sure people from the armed forces had been protecting him. after that, he changed the people who were protecting him and at the end of the day i mean that he was protected by very small group of the people from his family. but we ll check everything. we ll investigate everything. we ll announce what happened in the past 16 years. u.s. secretary of state hillary clinton has arrived in pakistan, aimed at talks repairing the nations between the two countries. large parts of the u.s. had severe thunderstorm warnings overnight. two people died in atlanta, georgia, when trees fell on two vehicles in high winds. those are the head lines. i m zain verjee at cnn london. world business today starts now. good morning from cnn london. i m nina del santos. good afternoon from hong kong. i m andrew stevens. japan s auto industry stalls. honda and toyota unveil the full extent of post-quake production cuts. dollars for democracy. g-8 nations pledge to help egy