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FTSE 100 (^FTSE)
| Previous close | 8,040.38 |
| Open | 8,040.38 |
| Volume |
| Day's range | 8,030.05 - 8,105.59 |
| 52-week range | 7,215.80 - 8,105.59 |
| Avg. volume | 1,121,247,898 |
- Reuters
GLOBAL MARKETS-Tepid economic data weighs on equities; yen sinks to fresh lows
Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, and Japan's yen sank through 155 per dollar for the first time since 1990. Tepid U.S. GDP data pushed Wall Street lower at its open, and Meta's slump also soured the mood. "If Meta is a guide, it seems the market is simply not tolerant of in-line – if you've had a good run through Q1 & Q2 you either blow the lights out, or the market takes its pound of flesh," said Chris Weston, head of research at Pepperstone.
- Reuters
GLOBAL MARKETS-Stocks struggle after Meta moodswings, tepid US GDP
Stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram owner Meta hammered the tech sector, while FX markets watched Japan's yen sink through 155 per dollar for the first time since 1990. Tepid U.S. GDP data pushed Wall Street lower at its open but with more 'Big Tech' earnings scheduled for later it was Meta's slump that soured the mood the most.
ReutersMeta plunges, mega mining merger revealed
Megacap Meta revived Big Tech jitters on Wall St overnight as its pumped-up stock balked at an ostensibly decent earnings update late Wednesday - but the mining sector was abuzz about BHP's possible $39 billion mega bid for Anglo American. Either way, the Meta retreat has dragged Wall St stock futures back down about 0.5-1.0% ahead of Thursday's bell and ups the ante as the 'Magnificent 7' reports keep rolling in. With almost a third of the S&P500 reported already, nearly 80% have beaten estimates and reported earnings growth has picked up close to 7% - back to where consensus forecasts for the first quarter were at the start of the year.
