London market indices dropped sharply in early trading today after more bad earnings news in the US o...
London market indices dropped sharply in early trading today after more bad earnings news in the US overnight. The FTSE 100 index dropped 110 points in its first hour, to 5,005.1 as the board turned red and losers outweighed gainers by 83-to-15. There was no particular direction to the trading, however, as the top five gainers were in sectors as diverse as utilities, telecoms and media, not typically defensive sectors when markets are spooked. Among the top losers were BP, Sage, British Airways and Hays, also a wide spread of sectors. Meanwhile, members of the FTSE Smallc...
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