Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

FTSE 100 slips below 7,900 ahead of more big tech earnings

Published 25/04/2023, 16:43
© Reuters. FTSE 100 slips below 7,900 ahead of more big tech earnings
NDX
-
UK100
-
IXIC
-
FTSE
-
N1DA34
-

Proactive Investors -

  • FTSE 100 closes 21 points lower
  • US stocks under pressure ahead of tech results
  • AB Foods (LON:ABF) falls as cost pressures dent margins

4.40pm: FTSE finishes lower

The UK's main index slipped below the 7,900 benchmark to finish at 7,891 points on Tuesday.

Stocks traded lower in the afternoon as a warning from UPS and lower oil prices raised recession fears, said Chris Beauchamp, chief market analyst at online trading platform IG.

“Investors continue to trim exposure to stocks as this week’s earnings barrage gets underway. UPS’ forecast of a weaker economy is just the kind of warning investors don’t want to hear, and has likely prompted a round of selling on renewed recession fears," Beauchamp said.

"With so much riding on this week’s figures, caution is still the watchword. US regional banks are under pressure again too, another sign that the rally’s foundations are weakening.”

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.