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FTSE 100 live: Stocks retreat from 2-month high, govt inherited £22bn hole in public finances
New chancellor Rachel Reeves reveals the government inherited a £22 billion "black hole" in public finances
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The FTSE 100 live blog, the small-cap market report and the US markets wrap, newest first.
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New chancellor Rachel Reeves reveals the government inherited a £22 billion "black hole" in public finances
The June PCE report showed incremental progress in reducing inflation
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FTSE 100 96 points higher at 8,282
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US stocks fell short of an unsuccessful rebound
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Following US tech sell-off overnight, London benchmark climbs 3 points to 8,156
Tesla's shares decreased by more than 12%, and Alphabet's by over 5%, contributing to widespread tech sector losses
Blue-chip index drops 9 points to 8,158
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The market awaits results from Alphabet and Tesla for further insights into growth trends
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Blue-chip index falls 36 points to 8163
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Tech stocks staged a comeback on Monday ahead of Big Tech earnings
Blue-chip index climbs climbs 61 points to 8217
The Dow's winning streak ended on Friday after concerns over a global IT outage contributed to a broader market sell-off
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FTSE 100 down 55 points to 8,149
Hardware & electrical equipment
Tech stocks failed to rebound following the Nasdaq's worst day since 2022
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Blue-chip stocks have been joined by mid-caps on the rise