FTSE 100 edges higher as US tech stocks slide on AI spending fears

independent.co.uk —

London's FTSE 100 closed slightly higher on Friday, rising 0.1% to 10,729.78, while US tech stocks plunged amid fears over artificial intelligence spending. Alphabet fell 12% Thursday, and Intel slumped 30% Friday. The FTSE 250 fell 0.9%, and the AIM all-share dropped 1.4%. Frankfurt's DAX 40 declined 0.9%, while Paris's CAC 40 was flat. In London, NatWest fell 8.8% on margin guidance, while AstraZeneca rose 7.0% on strong results. Analysts cited an "AI reality check" as investor sentiment shifts. Brent oil rose to $117.61 a barrel, while gold fell to its weakest level in over a year. The Bank of England is expected to hike rates next week.


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