Footsie rallies from yesterday's 35 month low

The FTSE 100 rallied this morning putting an end to its 6.4% tumble over the past four days' trade. After the index slumped to a 35 month low yesterday investors decided it was time to start snapping up stocks they deemed to have fallen to bargain levels. At morning trade the FTSE 100 bounced upwards 70 points to 5103 as 85 of its constituents posted gains. Wall Street's performance on Monday also boosted UK confidence. The US markets didn't perform spectacularly but most importantly, they didn't decline. Leading the FTSE 100's advance today was Marconi, who clawed back a furthe...