FTSE trades flat as US tech remains under pressure | 23 February 2021
23 February 2021 | 16:34pm StockMarketWire.com - The FTSE 100 traded flat a little above the 6,600 mark despite US tech stocks tanking for a second day on valuation concerns and as investors grew concerned mounting inflation might prompt interest rate increases. By 4.30pm UK time the S&P 500 was down 0.6% to 3,852.59 and the more tech-biased NASDAQ index was off by 1.4% having earlier lost as much as 3% of its value. The UK unemployment rate rose to 5.1% in the three months through December, as expected, up from 5.0% previously. Banking giant HSBC fell 1% to 427.3p as it reported a 34% drop i...
Source: stockmarketwire.com