Home Business NewsBusiness FTSE 100 year-to-date gains wiped out

FTSE 100 year-to-date gains wiped out

by LLB Reporter
21st Jan 22 9:36 am

Anyone who put money into the stock market for the first time during the pandemic might have thought investing was easy, with share prices shooting upwards daily. January 2022 has been that nasty wake-up call that stocks and shares can go down as well as up.

“The week ends on a sour note, with most of the main stock indices across Asia and Europe in the red,” said AJ Bell’s Russ Mould.

“After bucking the sell-off seen among US stocks in recent sessions, the FTSE 100 has now stumbled and lost all its year-to-date gains.

“Only eight FTSE 100 stocks were in positive territory on Friday, and these were typical places that investors (and the general public) hide when everything looks glum including headache tablets (Reckitt Benckiser) and cigarettes (British American Tobacco).”

 

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