Independent Business
UK · 1 hrs ago
Utility stocks support FTSE 100 in nervy trade
London’s FTSE 100 outperformed global peers on Friday, as markets were hurt by technology sector jitters, with chip shares among the worst hit, while events in the Middle East also continued to keep a lid on enthusiasm.The FTSE 100 Index closed up 28.13 points, 0.3%, at 10,600.37.The FTSE 250 fell 111.00 points, 0.5%, at 23,604.83, and the AIM All-Share gave back 6.87 points, 0.9%, at 759.31.For the week, the FTSE 100 and FTSE 250 each added 1.0%, though the AIM All-Share lost 0.6%.In European equities on Friday, the CAC 40 in Paris ended down 0.5%, while the DAX 40 in Frankfurt fell 0.3%.In New York, the Dow Jones Industrial Average was down 0.1%, the S&P 500 0.7% lower and the Nasdaq Composite down 1.3%.The yield on the US 10-year Treasury was quoted at 4.53% at the time of the London eq
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