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Wall Street surge fits uncomfortably with FTSE's week to forget
Evening Standard
|June 09, 2023
BULL MARKET headlines in the US jarred with the experience of London traders today as the FTSE 100 index completed a forgettable week barely changed.
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The S&P 500 index last night broke into what many regard as bull market territory by closing 20% higher than its October low, with tech stocks driving the outperformance.
There’s unease that Wall Street’s rally is concentrated in just a handful of stocks, with New York’s FANG index of mega caps up 65% in the same period and the S&P 500’s top 10 companies now accounting for 30% of the overall index.
Diese Geschichte stammt aus der June 09, 2023-Ausgabe von Evening Standard.
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