FTSE 100 closes flat on 5,851 points despite Wall Street fluctuations with tech shares in Apple and Microsoft up while energy stocks slump

London markets closed flat today despite wild fluctuations on Wall Street – with tech shares in Apple and Microsoft up but energy stocks slumped. The FTSE 100 index of Britain’s biggest firms rose by only 4 points to 5,851 after some encouraging gains during the day. In the US, technology stocks keep pushing higher, with Microsoft, Apple and other giants continuing their nearly unstoppable run even in the face of the coronavirus pandemic.  That helped offset losses elsewhere in the market, and the S&P 500 was up 0.2%, as of 11:13 a.m. Eastern time. Earlier, it had erased a gain of 0.8% to swing to a loss of 0.4%. The Dow Jones Industrial Average was little changed at 23,886. The Nasdaq, which is full of tech stocks, was up 1.3%. European and Asian markets were mixed.   China’s central bank set the yuan at a broadly central midpoint, analysts said, to try and cool tensions with the US. The FTSE 100 index of Britain’s biggest firms rose by only 4 points after some encouraging gains during the day The value of the FTSE 100 has dropped considerably since the start of the pandemic President Trump has hinted he could impose new tariffs on… Read full this story

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