The FTSE 100 opened sharply lower today, down 92.4 points to 5111. Fresh anthrax scares in the ...
The FTSE 100 opened sharply lower today, down 92.4 points to 5111. Fresh anthrax scares in the US yesterday sparked a downturn on Wall Street on Wednesday and UK markets followed suit this morning. Investor confidence seems to have been rocked by the spate of anthrax scares to have hit the UK and US.
Amongst the FTSE 100 only seven stocks were higher at morning trade and gains were capped at 1%. Risers included Tesco, Prudential and Schroders.
FTSE 100 fallers were spearheaded by Sage and Logica who respectively lost 9% and 8%. Arm and Amvescap followed who both fell 6%.
Were it not for the anthrax scares, US markets posted encouraging news on Wednesday. Some key stocks reported positive earnings forecasts, including IBM and Intel, and Alan Greenspan reminded investors the terrorist attacks last month should not weaken the US's long-term growth prospects.
Even so, news that 31 Senate employees had tested positive for exposure to anthrax sparked a sell off, which left the Dow Jones down 151.26 to 9,232.97, the Standard & Poor's 500 down 21.25 to 1,076.29 and the Nasdaq down a heavy 75.69 to 1,646.38.
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