The FTSE 100 experienced a decline of 0.4%, settling at 9,220 on Thursday. This downturn was influenced by a combination of factors, including Nvidia’s less-than-stellar results and several companies trading ex-dividend.
- The FTSE 100 fell 0.4% to 9,220.
- Nvidia’s mixed results, particularly in its core data center business, contributed to the decline.
- Aviva, Croda, LondonMetric, Auto Trader, and Games Workshop shares decreased due to ex-dividend status.
- JD Sports Fashion, Diageo, Rentokil and WPP saw gains, potentially driven by their strong US market presence.
- Miners Anglo American and Rio Tinto experienced gains of 1-3%.
The decrease in the index suggests a market grappling with uncertainty. While gains in specific sectors and companies indicate underlying strength, the overall movement reveals vulnerability to external pressures, notably those related to the performance of key players in the tech sector and the adjustments related to dividend payouts. The influence of US markets on certain companies within the index is also clear.