This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.

FTSE 100 slumps 4.64% at close as US markets continue to fall

  • Print
  • Comments (2)

The FTSE 100 closed down 4.64 per cent today and US stock markets fell in morning trades following news of the US Federal Reserve’s economic stimulus.

The Dow Jones Industrial Index was down 3.34 per cent to 10,754 by 11.40am while the S&P 500 was down 3 per cent to 1,131.

The stimulus plan, called operation Twist, will see the Fed sell about £260bn worth of bonds maturing within three years and buy longer-term debt. The aim is to put money into the economy but keep interest rates low.

  • Print
  • Comments (2)

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Readers' comments (2)

  • I love it when so called professional investors panic. They really seem to have a knack of buying at the top and selling at the bottom.

    I sold out my SIPP at 5900 and can't wait to buy all those lovely shares again at knocked down prices.

    Come boys keep selling taking the FTSE back down to 3900 will do just fine, I can't wait.

    Unsuitable or offensive? Report this comment

  • If the FTSE drops to 3900, as the previous commentator states, then what an opportunity! Not convinced it will drop that low, though. The 'computers' sell and buy at predetermined trigger levels which will probably be kicking in anytime soon (to buy).

    Unsuitable or offensive? Report this comment

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick


Are you prepared to process insistent client business?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments