Coronavirus Update

12th March 2021

Weekly Round Up

 

The FTSE 100 remains relatively unchanged this week, seeing a modest 0.6% increase. Initial rises on Monday and Tuesday emerged as tech stocks began to recover following the sell-offs in recent weeks, with the FTSE 100 reaching a peak level of 6,785 on Tuesday.


The rises coincided with the US markets as Wall Street gathered momentum through the recovery of tech stocks. Tesla's shares saw a 15% rise through to Wednesday, whilst Apple and Facebook advanced 4%.


Whilst the FTSE 100 stagnated on Thursday, the recovery continued for US equities. The Dow Jones Industrial Average index hit an all-time high, touching the 32,600 level for the first time during Thursday's trading session.

 

Risers

British luxury fashion house Burberry Group Plc is the biggest riser in the FTSE 100 this week as the clothing company announced its latest results earlier today.

Fallers

London Stock Exchange Group suffered a 19% fall this week, following their final year results released last Friday.