The Footsie experienced a strong recovery today after last night's mishap. It closed 152.40 points...
The Footsie experienced a strong recovery today after last night's mishap.
It closed 152.40 points up at 5842.90. Strong stocks were Misys, the UK's biggest provider of software to financial companies, and HSBC Holdings.
Anglo American Plc also fared well. The world's biggest mining company added 96p to 1,150. The shares took their biggest jump in 20 months in London because a successful bid for De Beers would eliminate the top diamond company's 35% stake in Anglo, making it more widely held.
A significant decline was suffered by Advance Power Components Plc. The company dropped 77.5p to 115. The electronic components maker said orders have been delayed or canceled following uncertainty in the telecommunications industry.
The Nasdaq rose for the first time in five days as Qualcomm Inc. advanced after a Chinese phone company said it would use Qualcomm's technology.
Siebel Systems Inc., Veritas Software Corp. and Sisco Systems also gained, lifting the Nasdaq 11.19 to 2093.11. The index had dropped 5.3 percent in the past four sessions after rising as much as 36 percent from a 2 and a half year low at April 4.
The NY Stock Exchange had its two slowest days this year in the past two sessions.
In comparison the Dow Jones fell 21.80 to 10,855.53. The Standard and Poor's also declined slightly, losing 0.36 to 1249.28.
However trading was slower than usual as some investors refrained from taking new positions before the Federal Reserve's decision on interest rates.
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