Wall Street to the rescue: roundup of market action for 9 - 13 July

Wall Street took the Footsie by the scruff of its neck on Thursday and finally dragged it out of trouble. The flat start to the FTSE 100's week at 5468.9 had turned nasty by Wednesday as techs and telecoms, spearheaded by computer services group CMG, led the index down a 76 point tunnel to levels unseen since March. The cavalry came to the rescue on Thursday as US stocks made their biggest moves since April, which helped the Nasdaq rally 5.3%. The charge was led by an upbeat forecast from Microsoft and better than expected profits from both internet firm Yahoo and mobile phone maker Mo...