FTSE 100 slips into the red at the close as Wall Street struggles
The London stock market somewhat mirrored London’s weather today; a pleasant start, followed by heavy showers and then a traditional British tepid finish.
- FTSE 100 edges 11 points lower
- Some reopening plays struggle on COVID variant fears
- Diploma raises full-year outlook
5.15pm: Losses present on both sides of the pond
The FTSE 100 ended Monday down 11 points, 0.2%, at 7,033, while the FTSE 250 lost 122 points, 0.6%, to 22,214.
“Optimism around the reopening of international travel and indoor dining has been short-lived, with airlines, pubs, and restaurants all losing ground on fears around the Indian Covid strain,” IG Senior Market Analyst Joshua Mahony wrote. “Precious metals have provided the one area of strength, with gold and silver both pushing sharply higher.”
Low-cost carrier easyJet plc () stock fell nearly 3% to £985.80.
In the US, the Dow was down 175 points, 0.5%, to 34,207 at midday. The Nasdaq dropped 124 points, 0.9%, to 13,306, and the S&P 500 shed 23 points, 0.6%, to 4,151.
AT&T Inc () stock climbed 0.7% to $32.47 on media reports that the telecommunications giant is in talks to spin out WarnerMedia with Discovery.
3.50pm: London market’s performance mirrors the weather
The London stock market has somewhat mirrored London’s weather today; a pleasant start, followed by heavy showers and then a traditional British tepid finish.
The FTSE 100 was up 6 points (0.1%) at 7,049 but the mid-cap FTSE 250 remained in the gloom, down 61 points (0.3%) at 22,275.
On a quiet day for gig company news, () rose 1.0% to 1,384.6p after it announced that the COVID-19 vaccine developed with French giant Sanofi SA demonstrated strong immune responses in mid-stage trials.
Among the mid-caps, () was 9.5% higher at 3,012p after raising full-year expectations after a stonking first-half performance.
Among the small caps, Vietnam Holding Ltd () hardened 2.3% to 227p after its latest investor report.
READ Vietnam Holding reports digital and urban trends gathering pace
10.10am: Proactive North America headlines:
Mirasol Resources Ltd () (OTCPINK:MRZLF) (FRA:M8R) makes new silver discovery at Ely Central area on its Virginia project in Argentina
Corp (CVE:NUAG) (OTCMKTS:NUPMF) to trade on the NYSE American exchange starting May 20
() reports double-digit, year-over-year increase in 1Q revenue
Inc () () (FRA:0K9) says concerned shareholder group-backed nominees elected to board at annual meeting
Algernon Pharmaceuticals Inc () () (FRA:AGW) receives positive feedback from US FDA for its DMT stroke program
() () (FRA:4WE) launches product collaboration with CannTx Life Sciences
Inc () (OTCQB:LNLHF) (FRA:LL1) enters into agency agreement with ex-heavyweight boxer and marketing guru Bill Corrigan
() (OTCMKTS:AURQD) (FRA:1GA0) closes the final tranche of its C$6M private placement
() () (FRA:2J9) focused on Phase 2 expansion preparations in Mongolia as production makes slow start in 2021
Ltd () () (FRA:GDT) to raise up to C$2.2M to fund Sekur expansion in the US
() (OTC:VSQTF) (FRA:6F6) portfolio company GameOn Entertainment gets conditional nod to list on the CSE under ticker ‘GET’
() (OTCMKTS:BABY) (FRA:0YL) launches its plant-based Complete Nutrition drink for toddlers at PCC Community Markets locations in Washington State
(NYSEAMERICAN:GORO) (FRA:GIH) boosts leadership, names Alberto Reyes as new chief operating officer
() () (FRA:AC4) unveils new chief business development officer unveils new chief business development officer
Corp () () (FRA:18P) awards cobalt sulfate crystallizer contract as it updates on Canadian refinery commissioning
2.43pm: Wall Street starts on the back foot
The main indices on Wall Street have opened in the red on Monday morning, following the example set earlier in the day by global markets.
Shortly after the opening bell, the Dow Jones Industrial Average was down 0.04% at 34,369 while the S&P 500 dropped 0.28% to 4,161 and the…
Read More: FTSE 100 slips into the red at the close as Wall Street struggles