What happened yesterday?
Wall Street finished weaker on Wednesday, with the Dow Jones Industrial Average falling 0.58% to end at 28,514 points, while the S&P 500 lost 0.66% to 3,488.6. The Nasdaq Composite also went down 0.8% to 11,768.73.
In London, stocks closed in a mixed state amid growing concerns about the prospect of tighter lockdown restrictions. The FTSE 100 ended the session down 0.58% at 5,935.06, while the FTSE 250 gained 0.33% to 17,950.41.
The pound was in stronger position, advancing 0.73% against the dollar to trade at $1.3031, and gaining 0.59% on the euro to €1.1079.
In company news:
WeWork parent firm The We Company has dropped its “We” moniker and returned to its better-known name Wework, in a bid to “strengthen its foundation”, in the wake of the pandemic.
Restaurant chain Gourmet Burger Kitchen has been bought by Boparan Restaurant Group in a deal that will rescue the company which has been in trouble since November 2018 when it entered a Company Voluntary Arrangement.