FTSE 100 closes in the green but FTSE 250 loses ground as market searches new narrative
The UK s top share index finished up over 35 points, or 0.52%, at 6,895
FTSE closes up 35 points
Just Eat hit by competition plans in Germany
US stocks in the green
5pm: FTSE closes ahead
FTSE 100 closed in positive territory midweek as stock markets rebounded after Tuesday s falls.
The UK s top share index finished up over 35 points, or 0.52%, at 6,895, with pharma groups and tobacco giants making up some of the top risers.
The more domestically focused FTSE 250 went the other direction though, losing nearly 23 points, or 0.,10%, at 22,085.
Cheif market analyst at online trading group IG Chris Beauchamp noted that the market still seems in search of a new narrative and added that earnings season provides the potential for some more downside as companies find themselves struggling to spin a positive case to justify further appreciation in their stock prices .
FTSE 100 brighter after turnaround on Wall Street but International Consolidated Airlines PLC lags travel sector proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
Taylor Jedrzejek
As a late addition to Tuesday nightâs agenda, Commissioner Gene Houpe introduced a measure to postpone a county sales tax increase that was planned to be discussed in county budget meetings in the coming months.
After roughly 10 minutes of discussion among the board, the resolution passed unanimously, postponing any potential sales tax increase in Iredell County for at least a couple of years.
âHistorically, weâve never gone to the voters for any type of bond or tax increase unless thereâs no other revenue stream available,â Houpe said. âWe have a revenue stream now with the stimulus money that is being made available by the state and federal government that we think can bridge the gap for the next couple of years.â
Iredell-Stateville Schools return to in-person learning wcnc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wcnc.com Daily Mail and Mail on Sunday newspapers.