FTSE continues to fly after Tesla drives Wall Street higher (2024)

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The FTSE 100 set a new high in a record-breaking week after Tesla boosted US markets overnight, and Middle Eastern tensions cool.

By Michelle McGagh

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The FTSE 100 added to its run of record highs after a surge in Tesla shares drove Wall Street higher overnight.

The blue-chip index rose0.5%, or 38 points, to 8,083, beating yesterday’s high, as it showed ‘more stamina’ in what has been a record-breaking week, said Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown.

‘A slight cooling of Middle Eastern tensions coupled with broad-based corporate earnings optimism are helping the FTSE,’ she said.

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FTSE continues to fly after Tesla drives Wall Street higher (2024)

JACK GILBERT, NEW MODEL ADVISER

Editor’s Picks

The FTSE 100 set a new high in a record-breaking week after Tesla boosted US markets overnight, and Middle Eastern tensions cool.

To continue reading, register for a free Citywire account

To read this article please sign in

Related Shares

Leave a comment

The acquisition of Blankstone Sington’s £284m wealth arm comes six months after the firm fell into special administration.

JACK GILBERT, NEW MODEL ADVISER

Editor’s Picks

Get the latest news in your inbox

Investments

Four leading advice figures give their view on the FCA’s latest SDR proposals, as the regulator faces a dilemma over bespoke services.

Advice

The Department for Work and Pensions reviews £30,000 advice threshold for defined benefit pension transfers.

Business

Peter Harrison will step down next year after eight years at the head of the business.

Podcast

In this episode of The Advice Show, Embark’s intermediary distribution director Ranila Ravi-Burslem reveals why fewer advice firms are white labelling their client-facing platforms.

Specials

Private Markets