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FTSE 100 sees its advance stall as Nasdaq bounces back | 9 March 2021


9 March 2021 | 16:36pm
StockMarketWire.com - The FTSE 100 closed Tuesday with a 0.35% gain to 6,742.96, off its highs for the day but still consolidating Monday s big gains amid improved investor sentiment.
In the US the Nasdaq index bounced back sharply as tech stocks returned to favour following the recent sell-off. By 4.30pm UK time the index was up 3.3% to 13,046.50.
Investment company Standard Life Aberdeen fell 7.5% to 295.1p as it cut its dividend by a third as full year numbers showed falling profit and a shrinking client base.
Telecom group Vodafone was up 1.6% to 128.1p after setting a price range for the initial public offering of its Vantage Towers infrastructure business that would value it at between €11.4 billion and €14.7 billion. ....

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