Daily Spread Betting and Financial Market Round-up
Financial markets round-up
Wednesday November 7, 2007
Spread betting opportunities : Financial market update
An extremely volatile day on Wall Street saw the major equity indices lose close to 3% each with the bellwether S&P 500 index trailing the Dow and Nasdaq composite.
At the closing bell, the Dow Jones Industrial Average was down 360.92 points, shedding 2.64% on the day to finish at 13300.02. The Standard and Poor’s index of 500 leading stocks was 2.94% lower, dropping 44.65 to close the day at 1475.62. The Nasdaq Composite index finished at 2748.76, having declined by 76.42 points (2.7%).
As would be expected, European stock markets suffered a similar fate to their US counterparts. In London, the Footsie closed the session deep in the red following the early triple digit decline on Wall Street. By the end of a very volatile last hour, the FTSE 100 had dropped by 1.39% to finish the day at 6385.1—89.8 points lower.
FTSE 100: winners
International Power (IPR) 476.75p +3.19%
Rolls-Royce Group (RR.) 527.50p +2.13%
Royal Dutch Shell 'A' (RDSA) 2,040.00p +0.99%
FTSE 100: losers
Northern Rock (NRK) 152.00p -7.37%
British Energy Group (BGY) 515.00p -7.21%
Next (NXT) 1,914.00p -6.73%
FTSE 250: winners
QXL Ricardo (QXL) 1,740.00p +15.23%
CSR (CSR) 664.50p +12.63%
Hochschild Mining (HOC) 505.00p +6.54%
FTSE 250: losers
Rathbone Brothers (RAT) 1,187.00p -9.11%
St James's Place (STJ) 330.00p -7.56%
New Star Asset Management Group (NSAM) 288.75p -7.23%
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