FTSE holds a lower line - weekly market report

Between 11 March to 24 March, the FTSE 100 dropped almost 250 points, threatening to fall below the 4,300 level, something not seen since October last year. However, economic indicators, including a report on US corporate tax receipts, pointed to sustained economic growth, helping send both US and UK stocks higher yesterday. At 4,353, the FTSE 100 is currently down about 60 points on its close of last Friday, but up about 20 points on its close of Monday this week. Only about 30 index members made gains through the week. Cyclical media stocks still lead the index in performance on ...