The FTSE 100 was down 24 points to 5125 at early trading on Wednesday. Declines over on Wall St...
The FTSE 100 was down 24 points to 5125 at early trading on Wednesday. Declines over on Wall Street on Tuesday depressed UK sentiment.
New economy stocks spearheaded declines and Logica led the FTSE 100 fallers as its stock slipped 3%.
It was another gloomy day's trade on Wall Street Tuesday as all the major indices slipped in value. Corporate earnings concerns dogged the technology sector with chip and hardware stocks faring especially poorly.
Kmart was a notable faller after news emerged that it is filing for bankruptcy protection. Despite this the retail sector enjoyed some gains.
One bright point was news that Amazon.com reported a fourth-quarter operating profit of $5m against expectations of a loss.
The Dow Jones made it eight declines out of ten after it fell 58.05 points to 9,713.8. The index failed to hold onto a gain of 71 points earlier in the session. The Nasdaq hit a two month low after it lost 47.81 points to 1,882.53, it too failed to hold onto modest gains earlier in the day. The Standard & Poor's 500 slipped 8.27 to 1119.31.
Markets slipped in Japan on Wednesday. The banking sector led falls as the Nikkei 225 dropped 10.07 to 10,040.91.
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